Industry News

AMF seeks $1.3 million fine, jail time

The Autorité des marchés financiers (AMF) has launched penal proceedings in the judicial district of Iberville against Richard Longpré for violations in connection with illegal distributions. The AMF filed 133 charges and is seeking fines totalling $1,305,000 and a prison term. More specifically, the AMF accuses Longpré of acting illegally as a securities dealer on […]

By Staff |July 19, 2011

2 min read

DIY investing back on the rise

Two studies within a span of one week indicated DIY investing is really taking off in Canada. From an advisor’s perspective, the trend raises some alarm. The vast majority (85%) of online investors are using their online investing accounts for either long-term goals or a combination of long-term and short-term ones, according to the latest […]

By Vikram Barhat |July 19, 2011

3 min read

Minister on the road to tout PRPP

The federal government has launched a campaign to encourage adoption of Pooled Registered Pension Plans (PRPPs), as Ted Menzies, Minister of State (Finance) used a Toronto small business as a backdrop to extol the plan’s virtues. “PRPPs will play a critical role in improving the range of retirement savings options available to Canadians by providing […]

By Staff |July 18, 2011

1 min read

CC&L Managed Portfolios reorganizes shelf

Connor, Clark & Lunn Managed Portfolios has announced a number of changes, including naming Connor, Clark & Lunn Private Capital as the manager of the public mutual funds offered by CC&L Managed Portfolios. These funds had been managed by the Managed Portfolios division, which will continue to provide asset allocation services to the portfolios. The […]

By Staff |July 18, 2011

2 min read