Latest news in Industry News

Business people sitting and discussing at business meeting, in office

Cross-selling opportunities prompt P&C brokerages to buy advisors

Actual assets under management of advisor aren’t always worth purchasing on their own

Wooden gavel used by a judge or auctioneer

Wealthsimple Advisor settles client privacy case with MFDA

Regulators alleged the firm's onboarding process for new reps was deficient

Banks

Head of bankers group raises concerns about surtax

Anthony Ostler also called for more consumer protection in the emerging payments space

Jigsaw Puzzle on Blue background

New SRO gets formal approval from CSA

Provincial regulators finalized recognition orders and interim rules

Condo buildings in downtown Montreal

Manulife cutting about 50 jobs as part of changes at its real estate operations

The company is moving away from property operations to refocus its business as an investment manager

signs for help, support, advice, guidance

Advisor business support growing across Canada’s wealth firms

There's higher demand for advisor coaching and consulting that can't be ignored

  • By: Katie Keir
  • November 24, 2022 November 24, 2022
  • 09:00
Background from banknotes of 1,5,10,20 US dollars

Citi’s living will needs work: Banking regulators

Bank promises action to address weakness flagged by Fed, FDIC

Natural background of the sky and clouds

Fund managers face gathering clouds in 2023: Fitch

Sector to confront a tough investment climate, growing macro headwinds

Bitcoin, Litecoin and Ethereum

No crypto in retirement accounts: NY AG

Recent failures, volatility, make crypto unsuitable for long-term savings, says New York state attorney general Letitia James

Financial District of London and the Tower Bridge

FCA consults on LIBOR wind down

Proposal would see final U.S. dollar setting terminated in Sept. 2024

Gas flaring. Torch against the sky.

Some Big Six banks pulling ahead of others on climate policy: report

TD released total financed emissions, all six lag in setting oil and gas financed-emissions targets: Investors for Paris Compliance

OSC adopts new fee model

New $13.5-million fee for OTC derivatives market players to launch April 2023

Justitia, the goddess of justice

Canadian charged in pump-and-dump scheme

U.S. authorities allege Quebec firm used in market manipulation

ESG letters

Asset managers expand RI strategies: Survey

Responsible Investment Association survey finds recent momentum is giving way to demand for more vigilant reporting

senior long-term care

Affluent Canadians concerned about impact of volatile economy

Nearly half of HNW Canadians surveyed say pandemic has affected retirement planning

gavel

Rep fined, banned for misappropriation

SRO alleged rep took money from a client who was a fellow fund rep

Greenwashing Concept stock photo

GSAM settles SEC greenwashing allegations

Firm agrees to pay $US4 million to resolve charges that it didn't follow ESG policies

Financial District of London and the Tower Bridge

FCA seeks industry code for ESG ratings, data

Regulator forms industry group to develop voluntary code of conduct

Container Cargo freight ship with ports crane bridge in harbor

Merchandise trade falls in Q3: OECD

Softening demand, lower commodity prices cuts trade flows

Megaphone

Steve Hawkins retires from Horizons

This week's industry moves

  • By: Katie Keir
  • November 22, 2022 November 22, 2022
  • 14:18
Wooden gavel used by a judge or auctioneer

CRM3, DSCs, new SRO top OSC agenda

Regulator sets out draft priorities for fiscal 2024

loudspeaker

Smith Financial to buy Home Capital Group as mortgage industry under strain

The all-cash offer provides certainty for shareholders, Home Capital board chairman says

Planning, risk and strategy in business, businessman gambling placing wooden block on a tower

Trading apps risk turning investors into gamblers: FCA

U.K. regulator says gamification tactics can drive problematic investor behaviour

Business people sitting and discussing at business meeting, in office

The fate of advisors who get bought out by property and casualty brokerages

P&C brokers often want you to stay if they buy your firm

Businessman Working Finance Trading Stock Concept

SEC charges brokers over unregistered penny stock trades

Side business allegedly enabled billions of stock trades