Industry

FMFD board announces new priorities

The new board of directors of the Federation of Mutual Fund Dealers has announced what it describes as a “new direction, vision, mission and purpose.” “The Vision of the Federation is to be the representative voice of mutual fund distribution in Canada. The Mission is to ensure the viability and prosperity of this vital channel […]

By Staff |March 10, 2011

1 min read

IIROC sets penalty for Benarroch, Kent, Glover and Credifinance Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed penalties against Georges Benarroch, Linda Kent, Marjorie Ann Glover and Credifinance Securities Limited, as follows: The panel also required the individuals to pay costs in the amounts of $50,000 by Mr. Benarroch, $25,000 by Ms. Kent and $25,000 by Ms. Glover. […]

By Staff |March 9, 2011

2 min read

Ontario seeks comment on pension regs

On March 3, 2011, the Ontario government released draft regulations regarding the division of pension assets on marriage breakdown. Public comments are invited up to April 18, 2011. The new rules may be proclaimed into force as soon as July 1, 2011. The new regulations will require administrators to: 1. Provide a new type of […]

By Staff |March 9, 2011

1 min read

Dundee acquisition completed, shares to delist

Scotiabank announced today that it has acquired the remaining 4 million common shares of DundeeWealth (representing 3.27% of the issued and outstanding common shares) that were not tendered to Scotiabank’s purchase offer, which expired at 12:01 a.m. ET on February 1, 2011. As a result of the completion of the Compulsory Acquisition, Scotiabank now owns […]

By Staff |March 9, 2011

1 min read