Industry

IIROC raises ex-advisor’s fine to $1.45 mil

The Commission found that the panel proceeded on an incorrect principle and made an error of law in imposing a fine against Dennis, which did not achieve disgorgement of the entire amount that he was found to have misappropriated from his client.

By Staff |August 30, 2012

1 min read

Happy Birthday, Warren Buffett!

Industry legend Warren Buffet has more than his investment prowess to celebrate today. He turned 82 this morning, and marked the occasion by donating billions to charities operated by his children, reports Market Watch. Each will receive roughly $100 million a year through Berkshire class B shares. Read: What would Buffett do to your portfolio? […]

By Staff |August 30, 2012

1 min read

CIBC to acquire U.S. energy advisory firm

CIBC is set to acquire Griffis & Small, LLC, a Houston, Texas-based energy advisory firm specializing in acquisitions and divestitures in the exploration and production sector. The transaction is expected to close in Q4 2012. Financial terms of the deal were undisclosed. “[The acquisition] complements our oil and gas activities globally, including in Calgary where […]

By Staff |August 30, 2012

1 min read

Canadians don’t understand insurance products

Canadian consumers know little about insurance products, says a study released by Desjardins Group. Worse, their money managing habits haven’t changed since last year; few are aware of how their plans work or how they can use them. The study finds only 44% know not all insurance policies come with surrender value, while only 45% […]

By Staff |August 30, 2012

1 min read