Leverage

De Thomas Financial won’t compensate retiree

De Thomas Financial is refusing to give a retired retail investor $254,323 in compensation for unsuitable investments, despite a recommendation the Ombudsman for Banking Services and Investments, the watchdog says.

By Staff |October 30, 2013

2 min read

Bond issuers focus on clearing debts

High-yield companies are issuing bonds at record pace.

April 30, 2013

2 min read

Consumer debt up, defaults down

Total consumer debt in Canada has ticked higher year over year, but serious consumer delinquencies are at an all-time low, finds Equifax Canada’s March Consumer Credit Trends Report. There was moderate growth in total consumer indebtedness, excluding mortgage debt, year-to-date through March 2013 with an increase of 3.9% to $500.8 billion from $497 billion during […]

By Staff |April 24, 2013

2 min read

MFDA for stronger supervisory structure

The Mutual Fund Dealers Association of Canada (MFDA) has advised fund dealers to take more stringent supervisory measures to determine suitability of investments as they relate to seniors, sale of exempt securities, and use of leverage. Read: MFDA revises rep’s terms of settlement In a bulletin detailing its regulatory priorities, the SRO recommends dealers “assess […]

By Staff |April 3, 2013

1 min read