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Crypto hacking hits record in 2022

Decentralized finance protocols were the top target of crypto thefts

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Industry moves this week

Several changes occurred across asset management and wealth management

  • By: Staff
  • February 2, 2023 February 3, 2023
  • 15:49

New SRO proposes payback for harmed investors

The proposal would allow for disgorged funds to be paid out to victims of industry misconduct

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What’s new from fund manufacturers

New products include target-date RESP funds, covered calls and high-interest savings

Gavel

Tribunal dismisses Bridging CCO’s bid for expedited hearing

No simple way to separate allegations against the failed firm’s former execs

Banks

More than 100 organizations sign CFA Institute diversity code

Asset managers representing US$11.2 trillion in AUM have signed the code

  • By: Staff
  • February 1, 2023 February 1, 2023
  • 11:14
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Canadian pension returns down 10.3% in 2022: RBC

Equities bounced back but fixed income remained weak amid restrictive monetary policy

Helping woman planning retirement

WCM’s Return to Bay Street program opens applications

The program to reintegrate experienced women into the financial industry has three hiring cycles this year

  • By: Staff
  • February 1, 2023 February 1, 2023
  • 10:35
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Canaccord Genuity buying Mercer’s Canadian private wealth business

The deal comes as Canaccord's management looks to take the firm private

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Crypto schemer gets five years in jail

Former promoter sentenced after pleading guilty to conspiracy charge

Bull and Bear

IOSCO seeks tougher commodity derivative oversight

Regulators issue revised principles for regulation, supervision of commodity derivatives

scales of justice

Tribunal allows witness to testify in U.S. case

OSC staff opposed order, amid concerns it could undermine Ontario court's authority to deal with foreign court requests

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CIFSC releases inaugural list of Canadian responsible investing funds

Nearly 400 funds have been classified under six responsible investing categories

scales of justice

Victim can sue bank over fraudulent transfer, B.C. court rules

The bank may have had a duty to warn the customer about a scheme

Firms falling short of ‘best interest’ standards: SEC

Regulator's reviews uncover shortcomings in brokers' Reg BI compliance

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WCM awards 18 executive leaders

The award recipients will receive six months of individual executive coaching

  • By: Staff
  • January 30, 2023 January 30, 2023
  • 11:06
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Active management still the money maker

Pricier active funds to produce bulk of revenues even as asset share erodes, ISS reports

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Court finds murdered man’s life policy was valid, again

Desjardins' appeal rejected as insurer failed to prove fraud on life application

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Industry moves this week

Top-level shifts were announced at several major firms, including National Bank Financial, iA Financial Group and RBC Insurance

  • By: Katie Keir
  • January 27, 2023 January 27, 2023
  • 14:38
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62 fundcos receive FundGrade A+ awards for 2022

Three fund managers were lauded for the first time since the awards began

  • By: Staff
  • January 27, 2023 January 27, 2023
  • 10:26
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National Bank’s head of wealth management to retire

Denis Girouard will step in for Martin Gagnon until a successor is named

  • By: Staff
  • January 26, 2023 January 26, 2023
  • 11:53
Business and financial district in a city with pillars

Banks’ ratings stable but finances face pressure: Fitch

Amid growing challenges, Canadian banks still well positioned to absorb headwinds

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SEC seeks “skin in the game” for securitizations

New asset-backed securities proposal would implement a key post-crisis reform

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Firms’ work on new consumer duty falling short: FCA

British regulator calls out industry ahead of July 31 deadline for new standards

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Investors in “uneasy relationship” with advisors, study shows

FAIR Canada research finds investors worry about fees and suitability, and aren't confident in regulatory protections

  • By: Staff
  • January 24, 2023 January 24, 2023
  • 17:26