Industry News

Personal dealings fine costs advisor $25,000

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Weng Lok Toh. With the agreement, Toh admits that he engaged in personal financial dealings with clients without disclosing the dealings to his firm. The penalty against Toh includes a $20,000 fine […]

By Staff |June 30, 2011

1 min read

Risk in a wrapper

Earlier this year, the CFA Institute’s annual conference in Edinburgh, Scotland featured two speakers addressing two very different, but ultimately related types of risk. Unrewarding risks The most critical component of portfolio risk management is identifying and eliminating unrewarding risk, according to Guy Stern, investment director and head of multi-asset fund management at Standard Life […]

By Dean DiSpalatro |June 30, 2011

4 min read

Inflation glass half full: expert

Statistics Canada’s recently released inflation figures are a mainly positive sign both for the Canadian economy and investors, suggests Serge Pépin, head of investments at BMO Investments Inc. “There’s a good side and a bad side to inflation,” he said. “When inflation is rising, it usually means there’s good economic growth behind it, so you […]

By Dean DiSpalatro |June 30, 2011

3 min read

Scotiabank acquires bank in Uruguay

Scotiabank has completed its purchase of Uruguay’s fourth-largest private bank in terms of loans and deposits. The acquisition of Nuevo Banco Comercial S.A. (NBC) was initially announced in December 2010, but terms of the agreement were not disclosed. “Scotiabank is proud to enhance our already-unique footprint in Latin America by becoming the first bank based […]

By Staff |June 29, 2011

1 min read