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ESMA flags concerns over fund costs

Efficient portfolio management costs continue to worry regulators

Approved win-win

Moody’s calls Franklin, Great-West deal a win-win

Rating agency says strategic partnership has attractive benefits for all players

Money Bag

Feds consult on fighting money laundering and terrorist financing

Government also seeks comment on creation of new financial crimes agency

Courts receive papers

Court denies Bridging investors’ bid for money back

Chief justice finds motion is premature, directs receiver to address distribution issues


Title protection fee proposal in Ontario draws criticism from planning associations, investor advocates

Group rejects proposed fee exemptions for self-regulatory organization and calls for greater advisor proficiency

  • By: Staff
  • June 6, 2023 June 7, 2023
  • 16:03
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SEC brings charges against cryptocurrency trading platform Coinbase

The company operated an unregistered securities platform and brokerage service, the U.S. regulator says

Hand saying stop

Canaccord board to shareholders: reject management buyout

The special committee evaluating the offer was unanimous in its recommendation

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Industry moves this week

iA Financial Group's president and CEO Denis Ricard will lead CLHIA's board

Model figure stands on rate tables and looks skeptically on a graph with stock prices.

SEC says crypto firm Binance mishandled funds, violated securities laws

Investigation said to have uncovered 'extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law'


Life agent sanctioned for client service scheme, churning

New agent allegedly split commissions with ex-agent and churned clients

Federal Reserve building

Tougher Fed to benefit banks, Fitch says

Supervisory action to boost banks' capital, liquidity would aid creditors, depositors

  • By: Staff
  • June 2, 2023 June 2, 2023
  • 15:05
Court gavel

Insurance agents opt out of class action en masse

Agents benefit from independent contractor status, undermining proposed lawsuit seeking employment benefits

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OSC seeks members for seniors advisory committee

The application deadline is July 4

  • By: Staff
  • June 2, 2023 June 2, 2023
  • 13:54
Entrance to the Financial Services Regulatory Authority of Ontario

FSRA targets advisor chargeback in updated DSC proposal

New proposed amendment addresses removal of DSCs on existing seg fund contracts

  • By: Staff
  • June 2, 2023 June 2, 2023
  • 13:49
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Array of headwinds weigh on banks’ earnings: Fitch

Credit provisions, rising capital, liquidity, expenses blunt banks' results

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Canaccord management group providing no assurance that offer will be extended

The group said there's "no reasonable chance" conditions will be met by a June 13 deadline

Wooden gavel used by a judge or auctioneer

Calgary fraudster gets seven-year sentence

The man was also ordered to pay more than $2 million in restitution to victims

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Laurentian Bank reports Q2 profit down from year ago

The bank raised its quarterly dividend

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Mutual fund chargebacks to face CSA scrutiny

Conflict of interest concerns spark regulators' review

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European regulators seek solutions to greenwashing

The risk of misleading disclosure pervades sustainable product lineups

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CIRO to align compliance operations

Integrating the SROs' compliance and enforcement functions is a top priority alongside policy work

CSA pushes back launch date of SEDAR+

Data transfer is taking longer than planned

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Why clients should be cautioned about fintech services

Without open banking, Canadians' data is at greater risk when they use unregulated apps

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Venture capital activity slumps in rising rate environment

After record 2021, venture investing, deal exits hit by valuation drop

Businessmen are skeptical looking at stock market charts.

DBRS changes CI trend to negative, keeps rating unchanged

Announcement follows S&P's downgrade of firm in early May