Industry News

Missing NB rep fined $1 million, barred

On March 30, 2011, an IIROC hearing panel found Darlene Catherine Ryan liable for the misappropriation of funds from five of her clients. The panel found she committed the following violations: (a) Between March 2005 and July 2010, she misappropriated, on 31 separate occasions, approximately $1.5 million from five clients, contrary to IIROC Dealer Member […]

By Staff |June 18, 2012

2 min read

Debt drags down retirement savings: Poll

More than half (53%) of debt-ridden Canadians are saving for retirement, but the more debt they carry the less they’re able to save, according to a CIBC poll.

By Staff |June 18, 2012

1 min read

Franklin Templeton merging Canadian fund

Franklin Templeton Investments plans to merge the Wellington West Franklin Templeton Balanced Retirement Income Fund into the Quotential Balanced Growth Portfolio, effective June 22, 2012. Unitholders of the terminating fund will receive Series A securities of the continuing fund on a dollar-for-dollar basis. All costs associated with the termination will be borne by Franklin Templeton.

By Staff |June 15, 2012

1 min read

Northern Financial CFO resigns

Investment dealer Northern Financial and Jaguar Financial, a merchant bank, have announced the resignation of Doug Chornoboy, the senior vice president and chief financial officer of both Toronto firms. Chornoboy is leaving for a financial institution in British Columbia. A new chief financial officer will be named in due course.

By Staff |June 15, 2012

1 min read