Industry

IIROC announces penalty for Dale Richard Wells

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $10,000 fine on Dale Richard Wells. The panel has also ordered Mr. Wells to pay $13,000 in costs. The panel’s penalty decision follows its earlier decision dated October 27, 2010, which found that Mr. Wells violated IIROC rules by engaging […]

By Staff |February 11, 2011

1 min read

CWT and PIE form partnership

Canadian Western Trust Company (CWT) and PIE Portfolio Index Evolution Corporation (PIE) today announced an agreement to offer a low-cost, high-service account to PIE’s investors. “CWT is excited to be working with PIE to provide financial advisors with an opportunity to utilize our self-directed platform,” says Darcy Steep, CWT’s director of business development for the […]

By Staff |February 11, 2011

1 min read

Little in LSE-TMX deal for investors

Although the mainstream media on both sides of the pond are going to town about the proposed LSE-TMX merger, the sense in the Canadian financial industry is that it’s not really going to set the Thames on fire. A deal like this only means two companies are looking to develop or defend their market, says […]

By Vikram Barhat |February 10, 2011

4 min read

IIROC settles with National Bank Direct Brokerage

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement, with sanctions, between IIROC staff and National Bank Direct Brokerage Inc. (NBDB). With this agreement, NBDB admits it failed in its duty to provide supervision and maintain adequate internal controls regarding one of its registered employees. The firm […]

By Staff |February 10, 2011

2 min read