Industry News

Regulating against securities fraud

The United States Securities and Exchange Commission has been under tremendous public scrutiny over the still on-going Bernard Madoff “Ponzi-scheme” scandal. Indeed, the U.S. Congress has accused the SEC of chronic blindness in ignoring credible allegations about Madoff’s improprieties. Unlike the SEC under current U.S. securities laws, Canadian securities regulators directly regulate, with minimal exceptions, […]

By Rebecca Cowdery, Prema Thiele |July 3, 2009

4 min read

Briefly:

Meridian Credit Union has appointed Gary Genik as their new chief information officer. “As our new CIO, Gary brings the required leadership, experience, expertise and understanding of Meridian to the position,” says Meridian Credit Union president and CEO, Sean Jackson. Genik joined Meridian in 2008 as the director of infrastructure, where he worked on a […]

By Staff |July 3, 2009

1 min read

Could 70 be the new 65?

The solution to Canada’s workforce conundrum requires some fresh thought and tough choices, according to the C.D. Howe Institute. Some of the suggestions contained in the think tank’s latest report are sure to raise a few eyebrows. Instead of increasing the number of young immigrants to the country to offset the mass exodus of the […]

By Jody White |July 3, 2009

2 min read

Opinion: Canada should ban commissions too

Last week’s regulatory changes by Britain’s Financial Services Authority (FSA) received little coverage here in Canada. However, these are changes that should grab the attention of Canadian advisors, suppliers and regulators alike. The biggest change made was regarding how advisors get paid. The FSA has effectively banned upfront sales commissions from being attached to any […]

By Jason M. Pereira |July 2, 2009

4 min read