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PACE Securities CEO faces temporary ban after IIROC settlement

The settlement follows the firm's liquidation last year

Banks

Not all banks are cutting new purchases of third-party funds

CWB and Meridian will continue to offer outside products

  • By: Katie Keir
  • September 16, 2021 September 16, 2021
  • 16:35
Federal Reserve Building

Federal Reserve reviews ethics policies after prolific trading uncovered

Two regional Fed presidents traded excessively last year

Idea

Prosper Canada launches service to help financially vulnerable Canadians

The new portal offers free tools, tips and worksheets

  • By: Staff
  • September 16, 2021 September 16, 2021
  • 12:47
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OSC grants critical benchmark status to CDOR

Regulatory oversight for benchmarks comes in response to the LIBOR scandal

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Wealthscope partners with ESG data company

The partnership allows the fintech to add ESG scores to its portfolio analytics

  • By: Staff
  • September 16, 2021 September 16, 2021
  • 12:12
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U.S.-based Focus Financial acquires Cardinal Point

Cardinal Point offers cross-border wealth planning services to HNW clients

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Maritime regulators kick off diversity discussion

The NSSC and FCNB published a consultation paper on possible governance reform

New survey sheds light on diversity in sustainability

Only half of respondents felt as though organizations had turned words into action on equality, diversity and inclusion strategies

Silver referee whistle

SEC whistleblower payouts top US$1-billion mark

Agency pays near-record US$110 million to tipster

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FAIR Canada blasts banks for trimming shelves

The advocacy group calls for action to preserve competition and protect investors

U.K. regulator to combat unsuitable investments, fraud

The Financial Conduct Authority unveiled a three-year strategy to address investor harms

Justitia, the goddess of justice

Trailer-fee class action can proceed as court denies leave

An Ontario court rejected a motion to appeal the certification decision in a BMO funds case

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More than half of pension assets in foreign holdings: StatsCan

Agency unveils results of revamped pension survey for Q1

CI Financial to open U.S. headquarters in Miami

Toronto-based firm has acquired or made deals for 21 U.S. wealth firms since last year

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Cary List receives lifetime achievement award in financial planning

FP Canada honoured the former president and CEO for his contributions to the profession

  • By: Staff
  • September 15, 2021 September 15, 2021
  • 12:49
Young plant

Fitch launches ESG ratings products

The firm aims to eventually cover the fixed-income investable universe

  • By: Staff
  • September 15, 2021 September 15, 2021
  • 12:02
Shelf with file folders in a archives

Banks’ shrinking shelves no surprise to regulators, industry

Loss of third-party fund distribution seen as “unintended consequence” in 2018

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Banks face growing digital threat: Moody’s

Fintech, big tech and crypto may diminish the role of traditional banks

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Equitable Life makes changes to executive leadership team

Two executives are retiring at the end of the year

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 13:31
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CI Financial buys US$5.2-billion Portola Partners

The Silicon Valley-based wealth manager serves wealthy families and tech entrepreneurs

Young plant

Pricing natural assets to preserve them

NYSE seeks to list novel asset class that captures the value of natural assets

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Kathrin Forrest joins Capital Group

The Sun Life veteran will support the firm’s wealth management and institutional retirement businesses

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 11:35
Cut purple ribbon

Purpose Investments expands structured product offering

The new fund is available in two mutual fund versions

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 11:28
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Carlos Desierto joins PenderFund as president

Desierto was previously a managing director at Manulife Investment Management

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 11:13