Industry

Industry criticism adds to MFDA investor protection fund delay

(March 31, 2003) The Mutual Fund Dealers Association has rolled back implementation of its investor protection fund, scheduled for July 1, as it prepares a response to a number of negative industry comments about the proposal. The establishment of an Investor Protection Corporation (IPC) was mandated by the country’s securities regulators as a condition of […]

By Doug Watt |March 31, 2003

2 min read

More than 100 OSC staffers in $100k club

(March 31, 2003) One hundred and six Ontario Securities Commission staff members earn more than $100,000 per year, the Ontario government revealed today. The OSC salary list is topped by chair David Brown, who made $552,000. The province releases salary information annually under the terms of the 1996 Public Sector Salary Disclosure Act. Other high-earning […]

By Doug Watt |March 31, 2003

1 min read

Advisors providing bulk of RRSP expertise: Survey

(March 24, 2003) Nearly half of all Canadians use a financial advisor to help them with their retirement savings plans, a Leger Marketing survey released today concludes. The poll also indicates that while seven in 10 Canadians plan their RRSP contributions well in advance, nearly one-quarter make last-minute decisions. When asked who provides advice on […]

By Doug Watt |March 28, 2003

2 min read

Weaker profits plague securities industry for second straight year

(March 25, 2003) Proceeds from the Toronto Stock Exchange’s initial public offering helped the Canadian securities industry post a profitable final quarter of 2002. But excluding that one-time gain, profits sank for the second straight year, the Investment Dealers Association said today in its latest securities industry performance report. “The securities industry remained in the […]

By Doug Watt |March 28, 2003

2 min read