Industry News

IFB voices compensation concerns

Now that conversations have opened up about notice periods for advisors facing MFDA hearings, an industry association remains concerned about the inability of brokers to collect compensation for costs incurred to defend claims. Susan Allemang, the IFB’s manager of regulatory affairs, told Advisor.ca she’s worried that current self-regulatory organization bylaws still don’t entitle an advisor […]

By John Powell |February 10, 2010

1 min read

MFDA defends ‘no notice’ hearings

Changes to a Mutual Fund Dealers Association of Canada (MFDA) bylaw are not sitting well with the Independent Financial Brokers (IFB) and some advisors. Under the amendments, the MFDA can hold an enforcement regulatory hearing without notifying the advisor in question. According to the amendments to the ‘Applications in Exceptional Circumstances’ section of By-Law No. […]

By John Powell |February 10, 2010

3 min read

Briefly:

B2B Trust is ramping up efforts to support advisors in the run up to the March 1 deadline for RRSP contributions. The lender is offering 1- and 2-year RRSP loans, both at a rate of 2.75%. “Many advisors I’ve spoken with are convinced that RRSP investing is an important component in their clients’ overall financial […]

By Staff |February 10, 2010

2 min read

Briefly:

AlphaPro Management has announced the launch of the Horizons AlphaPro S&P/TSX 60 130/30 ETF, which is designed to track the performance of the S&P/TSX 60 130/30 Strategy Index. The 130/30 strategy uses over- and under-weight positions relative to the S&P/TSX 60. On each quarterly rebalancing day, the underlying index will include a core 100% long […]

By Staff |February 9, 2010

2 min read