Industry

IIROC makes changes to arbitration program

The board of directors of IIROC has approved two key changes to the SRO’s arbitration program, effective immediately for new cases. First, the previous $100,000 reward limit has been increased to $500,000. Second, investors now have the option, under certain conditions, to eliminate the discretion of arbitrators to award costs against a party. “The higher […]

By Staff |January 14, 2011

1 min read

OSC should allow ABCP ethics probe

At a time when investors and industry participants are calling for proper regulatory enforcement, we get word that the OSC is considering a request that an IIROC investigation be shut down. The request comes from Deutsche Bank Securities, which is under scrutiny for its role in the distribution of asset backed commercial paper products, which […]

By Steven Lamb |January 14, 2011

1 min read

MFDA censure offers critics hope

Opinion continues to stream in on what’s come to be known as Proxygate, as more industry experts air their thoughts on the matter. Public censure may be harsh, but it presents an opportunity for the MFDA, says Sandra Kegie, executive director at the Federation of Mutual Fund Dealers. She believes cooperation could bring good results. […]

By Vikram Barhat |January 14, 2011

2 min read

Impact investing: Profit from a better world

There has long existed a gap between philanthropy and any singular devotion to capital gains. But this uncharted space is fast being filled by the growing phenomenon of impact investing. At its heart, impact investing is a simple concept: mobilizing private capital for public good. It operates on the basic premise of solving social and […]

By Vikram Barhat |January 14, 2011

5 min read