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SEC extends climate disclosure consultation

Investors will have until June 17 to comment on proposed climate standards

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Executive moves this week

Across big banks and independent firms, many shifts are occurring

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IGM Financial reports strong Q1 earnings and inflows despite rocky markets

Mackenzie's investment fund sales declined

  • By: Staff
  • May 6, 2022 May 6, 2022
  • 14:09
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Numerous retail CBDCs on the horizon

Many central bank digital currencies are likely to be issued in the "medium" term, BIS reports

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Crypto not yet useful for skirting sanctions: Moody’s

Limited size and liquidity of crypto market hampers its utility for sanctions evasion

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Net earnings increase 9% in Q1 for Great-West Lifeco

The quarterly results reflect the insurer's medium-term goals, the CEO said

  • By: Staff
  • May 5, 2022 May 5, 2022
  • 14:53
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BoC reaching out to Indigenous groups on economic reconciliation

Barriers exist to accessing financial services, deputy governor says

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Full-service firms fall short on holistic advice: J.D. Power

Plus, find out how your firm rated on overall investor satisfaction

  • By: Staff
  • May 5, 2022 May 5, 2022
  • 13:04
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New Carte Wealth president wants to take dealer to $50B

Maria Jose Flores was named the firm's president on May 3 and remains chief compliance officer

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More traditional finance professionals shifting to crypto as sector grows up

High-profile hires have helped to erode some of the stigma around the space

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BMO Private Wealth names leadership duo

Meghan Meger and Geoff Newton will take over as co-heads of BMO Private Wealth in Canada next month

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SEC alleges motley insider trading scheme

A tech worker from Idaho has been accused of securities fraud for allegedly trading ahead of the release of stock recommendations from the Motley Fool…

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FSRA approves another credential for financial planner title

The Canadian Securities Institute is the latest approved credentialing body for Ontario financial planners

  • By: Staff
  • May 4, 2022 May 4, 2022
  • 12:04
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Canadians trail Americans in desire to use and invest in cryptocurrency, poll finds

Only 17% of Canadians said they're likely to invest in cryptoassets as a short-term investment

Bitcoin, Litecoin and Ethereum

SEC beefs up crypto enforcement unit

The regulator added 20 staffers to its crypto enforcement team

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Biotech exec sanctioned for illegal bond sales to foreign investors

Firm violated B.C. law when it raised funds from Taiwanese investors, panel found

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ETF class action proceeds, raising bigger issues

The "hybrid" regulation of ETFs makes it impossible to bring a class action for misrepresentation, court finds

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CDIC expands deposit protection to RESPs and RDSPs

The Crown corporation also introduced changes for deposits held in trust or placed through financial advisors

  • By: Staff
  • May 2, 2022 May 2, 2022
  • 14:39
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European regulators not playing along with trading apps’ gamification

An ESMA paper addressed behavioural "nudges" that lead to addictive trading

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Helping regs get their heads around climate risks

FSB launches consultation on emerging supervisory approaches to climate concerns

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Fund managers face asset, margin pressure

While challenges multiply, traditional asset managers look resilient to market turmoil, says a Fitch report

  • By: Staff
  • April 29, 2022 April 29, 2022
  • 15:25
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Laurentian fined for AML lapse

FINTRAC review uncovered compliance violation, imposed $487K penalty on Laurentian Bank

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Canadian DB pensions closed Q1 in the red

Plan sponsors must tread carefully ahead, RBC Investor & Treasury Services says

  • By: Staff
  • April 29, 2022 April 29, 2022
  • 12:59
Ontario Queen's Park Legislative Building

Ontario budget promises little in the way of capital markets reform

Bay Street and regulators are now in a relative calm after a regulatory storm

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BMO Private Investment Counsel appoints new chief strategist

Brent Joyce has been hired as chief investment strategist and managing director of BPIC