Industry News

Japanese quake may boost commodities

Natural calamities like the earthquake and the resultant tsunami in Japan may bring untold misery in their wake, but commodity investors may reap the benefit of reconstruction efforts. As the reports of devastation started pouring in, the metals and minerals stocks on the TSX reacted by gaining 2.5%. The TSX’s reaction begs the question: are […]

By Vikram Barhat |March 11, 2011

2 min read

MFDA accepts settlement with Lambros

A settlement hearing in the matter of Mary Lorelei Lambros was held on March 7, 2011 in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council. The hearing panel accepted the Settlement Agreement between MFDA Staff and the respondent, as a consequence of which the respondent: • has paid a $40,000 fine; […]

By Staff |March 10, 2011

3 min read

OBSI cases set record in 2010

The banking and investment industry set a dubious record in 2010, as review by the Ombudsman for Banking Services and Investments topped 1,000 for the first time its OBSI’s 15-year history. “The fact that complaints have reached another new high demonstrates yet again that financial sector consumers need and deserve an impartial and effective alternative […]

By Staff |March 10, 2011

1 min read

Awareness helps fraud-proof your client

If you believe the mainstream press, the financial services industry is rife with fraud. While the industry may have a few bad apples, a more plausible explanation for this misconception is that fraudsters see the industry as perfect cover for their underhanded schemes. Pretending to be a financial advisor, a thief can clean out multiple […]

By Steven Lamb |March 10, 2011

2 min read