Industry News

Stakes high for SEC’s next chair

The arrest of Bernard Madoff serves as a reminder that fraud can lurk in the most respectable of packages. Many of the securities industry illuminati commenting on the case, in fact, refer to Madoff as “Bernie.” There was genuine surprise that the former Nasdaq chair could have been up to anything. Not Bernie. No way. […]

By Philip Porado |December 23, 2008

3 min read

ETF providers take issue with market open pricing

The exchange-traded fund industry is concerned about the Toronto Stock Exchange’s Market On Open system, which can have ETF prices open at prices substantially higher than their underlying net asset value (NAV). Normally, the net asset value of ETFs closely tracks the underlying value of their constituent securities. The difference in price is referred to […]

By Mark Noble |December 23, 2008

4 min read

Tom Bradley: An old hand

Tom Bradley left as CEO of Phillips, Hager & North three years ago, but rather than jumping into an early retirement, he opted to start Steadyhand Investment Funds – a small, low-fee shop in Vancouver. Building a company from scratch, however, is no easy task even for this fi- nancial industry veteran. Advisor’s Edge Report […]

By Bryan Borzykowski |December 22, 2008

11 min read

Briefly:

(December 22, 2008) Consumers are continuing to watch their wallets. The Index of Consumer Confidence fell for the third consecutive month to 67.7, according to the Conference Board of Canada. This is down 3.3 points from last month. “Only during the recession of 1981–82 have we seen lower levels of confidence,” said Glen Hodgson, senior […]

By Staff |December 22, 2008

2 min read