Industry

Rep admits to compliance shortfalls, fined by IIROC

D&D and Lilly admitted failure to ensure compliance with certain regulatory requirements and Lilly's failure to ensure that D&D's representations to IIROC were fulfilled.

By Staff |September 22, 2016

2 min read

IIROC tells ex-rep to hit the books

Sawisky admitted that he failed to learn essential facts about two clients and failed to ensure that securities held by and recommended to those clients were suitable for them.

By Staff |September 22, 2016

1 min read

Canaccord putting $60M into recruiting advisors

Canaccord Genuity Group Inc. is investing $60 million, to be raised through a private placement deal, in its Canadian wealth management business. The company, which also has wealth management offices in Europe, Australia, and the U.S., will use net proceeds from the credit agreement to grow its Canadian wealth management “through the recruitment of investment […]

By Staff |September 22, 2016

2 min read

In defence of high-frequency trading

Many blame the “flash crash” of 2010 — when the Dow Jones dropped 9% within minutes — on high frequency trading (HFT), claiming it created instability. But sudden downturns in the stock market are not exclusive to HFT, and taxes or regulations to reduce the trading are a solution looking for a problem, according to […]

By Staff |September 22, 2016

1 min read