Industry

IIROC seeks comment on UMIR amendments

The Investment Industry Regulatory Organization of Canada (IIROC) has published for comment proposed amendments to the Universal Market Integrity Rules concerning the regulation of short sales and failed trades. The proposed amendments would repeal the restrictions on the price at which a short sale may be made on Canadian equity marketplaces. IIROC has also released […]

By Staff |February 28, 2011

2 min read

Canadians raiding their RRSPs: BMO

After months of being lectured on their debt accumulation habits, Canadians have apparently taken up another bad habit, in part to combat the first: raiding their retirement plans. According to a survey conducted by Leger Marketing for BMO Financial, roughly 40% of Canadians with an RRSP admit they have made withdrawals from their plan before […]

By Steven Lamb |February 28, 2011

2 min read

Castlerock calls vote on fees, CI amalgamation

Castlerock Investments, formerly known as Hartford Investments Canada, has announced a special meetings of unitholders for its funds, to consider a proposal to put in place fixed annual administration fees. The funds currently charge variable operating expenses. Under the proposal, Castlerock will implement fixed administration fees on all series of all funds (excluding Series I) […]

By Staff |February 28, 2011

1 min read

OSC settlements to fund financial literacy

The OSC has allocated nearly $2 million in settlement money from enforcement proceedings to help promote financial literacy education in Ontario schools. “Financial literacy is an important part of investor protection and the OSC supports educational efforts to help Ontarians develop the skills and knowledge needed to succeed in an increasingly complex financial world,” said […]

By Staff |February 28, 2011

1 min read