Industry News

Equity issuance falling in Q1: IIAC

To no one’s surprise, equity financing took a huge hit in the first quarter of 2008. In the Investments Industry Association of Canada’s new equity issuance report, the organization revealed that Q1 issuance dropped to $10.8 billion — down 23% quarter over quarter and 53% from last year. “Despite measures taken by central banks to […]

By Bryan Borzykowski |May 16, 2008

3 min read

Social responsibility could be a KYC issue

Almost one million Canadian investors, associated with Social Investment Organization affiliates, are hoping that advisors across the country will be required to include values-based questions when they open a new account or review an old client file. Currently, the “know your client” (KYC) rule is fairly vague, giving few specifics about what advisors need to […]

By Romana King |May 16, 2008

2 min read

Registration reform needs team-based approach

Somewhere in the glass towers of law offices, security regulators and dealer boardrooms, legal experts, compliance officers and owner-dealers are hammering out the details of how registration reform, scheduled to take effect on March 30, 2009, will impact their businesses. Laurie Cook’s advice is simple: “Buy t-shirts and create teams.” As a partner at the […]

By Romana King |May 16, 2008

7 min read

On The Shelf: JovFunds plans fund merger

(May 15, 2008) JovFunds Management has announced it plans to merge two of its mutual funds into the Jov Leon Frazer Dividend Fund within the next 90 days. The affected funds are the Jov Leon Frazer Balanced Fund and the Jov Diversified Monthly Income Fund. Investors in the funds being merged will be given 60 […]

By Staff |May 15, 2008

1 min read