Industry News

$7-million market manipulation unearthed

The executive director of the BCSC has issued a temporary order and notice of hearing alleging five B.C. residents engaged in a $7 million market manipulation. The regulator’s notice alleges Thalbinder Singh Poonian, Shailu Sharon Poonian, Robert Joseph Leyk, Manjit Singh Sihota and Perminder Sihota participated in a scheme to manipulate the share price of […]

By Staff |August 7, 2012

1 min read

Knight Capital receives lifeline after trading error

Knight Capital Group—the firm responsible for last week’s stock market mayhem—was offered a US$400 million lifeline from other Wall Street companies yesterday. But, the handout comes at a steep price. Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and […]

By Wire services |August 7, 2012

3 min read

Standard Life launches PRPP and retirement hub

Standard Life has launched a new Pooled Registered Pension Plan website, given that retirees and aging clients are starting to seriously consider their wealth accumulation options. Read: An advisors guide to PRPPs The Canadian industry is waiting for a number of details to be determined by governments, including criteria that’ll determine the administrative costs of […]

By Staff |August 3, 2012

1 min read

Former RIM employee conducted insider trading: OSC

An OSC Panel has released its reasons and decision in the matter of Paul Donald, a former RIM officer and employee. Staff alleged Donald engaged in insider trading while at RIM, by purchasing securities of Certicom while in possession of material, undisclosed information, and while in a relationship with the company. It also says Donald […]

By Staff |August 3, 2012

1 min read