News and resources for Canada's top financial advisors
Est. 1998
Industry
RBC has reached a settlement agreement in a class action suit against the bank, launched by the victims of Earl Jones.
March 6, 2012
1 min read
The FBI recently indicted 54-year-old Adriano Sotomayor from New Jersey for allegations that he impersonated a Catholic priest and ran a scam against an elderly nun and her sisters for two years.
By Staff |February 29, 2012
Victims of financial fraud often approach law-enforcement authorities, financial institutions and credit rating bureaus. However, few think of turning to the one person who’s responsible for their financial well-being: the advisor.
By Vikram Barhat |February 27, 2012
2 min read
Planning and Advice
Your business-owner clients may be at risk. Instances of fraud and misconduct happen in every industry or business sector. Many perpetrators target professional practices, particularly dental offices.
By Calvin Carpenter & Greg Draper |February 1, 2012
5 min read
As the holiday season rolls around, many Canadians get in touch with their generous side. It is also the time when charities hope to tap into the season’s giving spirit and boost their coffers before the end of the year. A recent BMO Harris Private Banking survey showed almost 70% participants plan on donating a […]
By Vikram Barhat |December 22, 2011
3 min read
Nearly three years after it came to light, the Bernie Madoff scam is still unraveling itself.
By Vikram Barhat |December 20, 2011
Scam artists looking to ensnare investors are taking advantage of those troubled by economic uncertainty and volatile markets, says The Canadian Securities Administrators.
By John Powell |December 9, 2011
Monitor related-party transactions to shield clients from white-collar crime
December 1, 2011
Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.
By Richard E. Austin |September 20, 2011
What the regulators say about disclosing illegal activities.
By Richard E. Austin |September 1, 2011
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