Industry News

MFDA makes findings against Sergio Gizzo

A disciplinary hearing in the matter of Sergio Peter Gizzo was held today in Toronto, Ontario before a three-person Hearing Panel of the MFDA’s Central Regional Council. After hearing submissions from Staff of the MFDA, the Hearing Panel found that the following allegation in the Notice of Hearing had been established: Allegation #1: Commencing May […]

By Staff |January 7, 2011

1 min read

Mallard wins a round in fight with regulators

A Saskatchewan court has dismissed an attempt by regulators to derail a lawsuit brought forward by Saskatoon-based advisor Brian Mallard. Mallard is seeking damages from the Mutual Fund Dealers Association and the Saskatchewan Financial Services Commission, alleging unlawful interference with economic interests. Mallard has had a long-running battle with the two regulatory bodies – arguing […]

By Doug Watt |January 7, 2011

2 min read

Manulife Asset Management names new Asian equity head

Manulife Asset Management has appointed Ronald Chan as senior managing director, head of equities, Asia, effective January 3, 2011. Based in Hong Kong, he will report locally to Michael Dommermuth, president and head of Manulife Asset Management (Asia). Chan will manage a team of nine Hong Kong-based equity professionals across the company’s Greater China and […]

By Staff |January 7, 2011

1 min read

“I own what?” Get ready for income trust confusion

Just a warning to the IIROC-licensed advisors out there whose clients held onto their income trust holdings: You might get some confused phone calls the next time client statements go out. No doubt you explained to clients long ago that most of their income trusts would convert to corporate structures by January 1, 2011. Less […]

By Steven Lamb |January 7, 2011

1 min read