Industry News

Briefly:

When it comes to securities lending, CIBC Mellon Global Securities is at the top of the heap. According to the 2009 Equity Lending survey in International Securities Finance magazine, CIBC Mellon Global Securities is the best at delivering securities lending service. “The past year has been extremely challenging for the securities lending industry,” said Craig […]

By Staff |November 10, 2009

2 min read

One year later, the strong advisors survived

Montreal — If independent advisory firms ever wondered how they’d survive in the face of integrated financial products, they got their answer over this past year. That was the message PEAK Financial Group president Robert Frances delivered to his advisors at the firm’s 13th annual conference in Montreal. “What you’ve proven in surviving this is […]

By Philip Porado |November 9, 2009

2 min read

Slash capital gains tax, IIAC urges

The introduction of the tax-free savings account is all well and good, but if the president and CEO of the Investment Industry Association of Canada had his way, you wouldn’t need it for small cap stock investments. Speaking to a lunchtime audience, hosted by the Canadian Club of Toronto, Ian Russell called on the federal […]

By Steven Lamb |November 9, 2009

3 min read

Briefly:

A hearing panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada has imposed a permanent prohibition on Wayne Larson from conducting securities related business and a fine of $205, 000. In the reasoning for its decision among some of the instances of misconduct included Larson’s dealing with fraudulent companies, including […]

By Staff |November 9, 2009

3 min read