Industry

U.S. extends its tax reach

One in four financial institutions are unaware of impending U.S. tax legislation which will have global reach, according to a report by RBC Dexia Investor Services. Despite the fact that the U.S.’s Foreign Account Tax Compliance Act (FATCA) was passed in 2010, 26% of financial institutions worldwide have little or no awareness of the legislation. […]

By Staff |September 26, 2011

2 min read

SEC may sue S&P

The staff of the U.S. Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering.

By Wire services |September 26, 2011

2 min read

IA Clarington launches new bond fund

IA Clarington Investments has launched a new bond fund which will focus on corporate and high yield fixed income securities with an expected average credit rating of between B and BBB.

By Staff |September 26, 2011

1 min read

MFDA rules against Dickson

A disciplinary hearing in the matter of Gregory Dickson was held Friday in Toronto, Ontario before a three-person hearing panel of the MFDA’s Central Regional Council An agreed statement of facts was filed prior to the hearing in which the respondent admitted to all the facts and allegations set out in the notice of hearing […]

By Staff |September 26, 2011

1 min read