Industry

NEI to streamline shelf

NEI Investments has proposed a handful of fund mergers which would result in the termination of three funds. The plan would see the end of the Credential EnRich Canadian Equity Pool, Credential EnRich US Equity Pool and Credential EnRich International Equity Pool, with assets merged into the Ethical Canadian Dividend Fund, Ethical American Multi-Strategy Fund […]

By Staff |April 18, 2011

1 min read

High yield market holds promise

The death of the Canadian income trust phenomenon has given the Canadian high yield market a new lease on life. Despite being around for decades, the market for high-yield bonds—formerly known as junk bonds—has stayed relatively small in Canada, especially in comparison to the market south of the border. But if experts at the recent […]

By Vikram Barhat |April 18, 2011

4 min read

MFDA finds against Wijaysri Sivasubramanian

A disciplinary hearing in the matter of Wijaysri Sivasubramanian concluded yesterday in Toronto, Ontario before a three-person hearing panel of the MFDA’s Central Regional Council. After hearing submissions from staff of the MFDA, the hearing panel found that the following allegations against the respondent had been established: Allegation #1: Between 2002 and 2009, the respondent […]

By Staff |April 15, 2011

2 min read

IIROC announces decision for Bryan Dale Claggett

A hearing panel of the Investment Industry Regulatory Organization of Canada has found that Bryan Dale Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying the client money. In its decision dated April 4, 2011, the panel dismissed a second charge which alleged that Claggett […]

By Staff |April 15, 2011

1 min read