Latest news in Industry News

Securities and Exchange trending up

MX extends hours to include Asia-Pacific trading

The exchange’s plans to extend trading hours to match Asian markets were pushed back to Sept. 19

  • By: Staff
  • September 20, 2021 September 20, 2021
  • 11:30

Court finds no breach when advisor didn’t “sell in May and go away”

Discretion proves better part of valour for advisor

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Proposed sustainability board could be key for ESG reporting: Fitch

The proposed creation of the ISSB — potentially headquartered in Canada — could lead to a globally accepted ESG framework

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IIROC will host panel on inclusion for advisors

The online event on Oct. 13 will focus on diversity issues for frontline staff

court gavel regulatory

SEC settles with RBC unit over bond allocations

So-called bond flippers prioritized over retail, institutional clients, regulator alleged

Hand writing New Way

RBC announces executive changes

The changes are tied to members of RBC's group executive committee

Financial technology(fintech) and world economy

Canadian investors pared back foreign holdings: StatsCan

Meanwhile, foreign investors continued adding Canadian securities in July

Women’s Rights

Insurers, regulators must prepare for possible future pandemics

Insurers and regulators alike should review existing capital rules, along with other risk measures

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Madoff victims to see another payout

More than US$4 billion in total is expected to be returned to Madoff's investors

gavel on a wooden bench

PACE Securities CEO faces temporary ban after IIROC settlement

The settlement follows the firm's liquidation last year

  • By: Staff
  • September 16, 2021 September 16, 2021
  • 17:52

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 20, 2021
  • 16:35
Federal Reserve Building

Federal Reserve reviews ethics policies after prolific trading uncovered

Two regional Fed presidents traded excessively last year


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
magnifier and graph, basic tools of technical analysis on the stock market.

OSC grants critical benchmark status to CDOR

Regulatory oversight for benchmarks comes in response to the LIBOR scandal


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
Macro shot of a hand of a businessman signing or writing a document on a sheet of white paper using a nibbed fountain pen.

U.S.-based Focus Financial acquires Cardinal Point

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

Business Team Meeting Discussion Connection

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