Industry News

Industrial Alliance drops GMWB lineup

Low-interest rates and market volatility continue to take their toll on the insurance industry. They have claimed yet another victim, as IA Clarington has decided to discontinue its GMWB series.

By Vikram Barhat |July 27, 2012

1 min read

Former Raymond James rep fined, disgorged

An IIROC hearing panel found Gary Beck made discretionary trades in a client’s account without approval. From October 2007 to April 2009, he made the trades without the account having been approved and accepted as a discretionary account, contrary to IDA Regulation 1300.4. The hearing panel imposed the following penalty on Beck: (a) A $20,000 […]

By Staff |July 27, 2012

1 min read

Are Wall Street traders injecting testosterone?

The floundering global economy has left many financial professionals in a slump. So, how are they getting their edge back? Testosterone injections, reports Cindy Perman of CNBC.

By Martha Porado |July 27, 2012

1 min read

Are your clients managing the finances of others?

One in ten Canadians are looking after the finances of a family member or close friend, finds a CIBC poll. But 31% of those doing so have no formal or legal agreement.

By Staff |July 27, 2012

2 min read