Industry

Investors to feel ’empowered’ by CRM2, survey indicates

Almost half of Canadian investors surveyed don’t know what they pay in fees, and many of them may seek lower fees after they learn more about what they’re paying for their investments, a survey by Tangerine Investments indicates. Tangerine says CRM2 regulations for fees disclosure will help change investor awareness about fees. Read: Get ready […]

By Staff |January 11, 2017

1 min read

Compliance officer fined $60,000 over supervision failure

On December 19, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement, with sanctions, entered into between IIROC staff and Louis Constantine Cavalaris.

By Staff |January 11, 2017

1 min read

Banned commissions another threat to advisory services, groups warn

The industry responds.

By Staff |January 11, 2017

2 min read

SEC lays charges in advisor-lawyer referral scheme

The SEC says a Connecticut-based investment advisor has agreed to admit wrongdoing and pay more than US$575,000 to settle charges that he defrauded a client. The regulatory adds that the advisor then compounded his scheme by attempting to mislead SEC investigators while lying to other clients about the status of the SEC’s investigation. According to […]

By Staff |January 11, 2017

2 min read