Industry News

New policy helps Ontario interact with passport provinces

For most provinces, the passport system is a decent alternative to a single securities regulator, but not for Ontario, the only jurisdiction refusing to sign on to the new system. Instead of scrapping the plans to break down provincial regulation barriers, the Canadian Securities Administrators announced Friday that it has found a way to include […]

By Bryan Borzykowski |September 4, 2007

3 min read

Briefly:

(August 31, 2007) Scotiabank has signed an agreement to purchase 79% of Banco del Desarrollo, Chile’s seventh largest bank for $810 million US. The bank says it’s the first stage in a plan to purchase up to 100% of Banco del Desarrollo. Scotiabank says Banco del Desarrollo, which has total assets of more than $5.1 […]

By Staff |August 31, 2007

3 min read

Rogers assumes role as MDRT president

The Million Dollar Round Table has a new president — and he’s Canadian. Vancouver’s Jim Rogers of Rogers Group Financial takes the helm of the international organization of top insurance advisors September 1. Rogers’s first order of business is to strengthen the organization’s North American numbers to match the group’s success in other parts of […]

By Deanne Gage |August 31, 2007

2 min read

Advisor-sold investment loans pose conflict of interest

Offering an investment loan to help finance a client’s mutual fund purchases might seem like a good idea, but one Ottawa-based lawyer questions the practice. Harold Geller, an expert in financial advisor liability, says offering a client an investment loan can be a conflict of interest, pointing out that the more money advisors put into […]

By Bryan Borzykowski |August 31, 2007

4 min read