Industry News

Briefly:

(October 19, 2006) More accustomed to disciplining stockbrokers, the BCSC has found itself issuing an order banning a pawnbroker from the province’s capital markets for 20 years. According to the regulator, Daryl Joseph Klein, of Nanaimo, B.C., sought to prop up his failing pawnshop by finding new investors. He enlisted the aid of Douglas Arnold […]

By Staff |October 19, 2006

3 min read

Wellington West to go public

Wellington West Capital is planning to make a public offering for about 20% of the company to help fuel its growth on both sides of the border. Charlie Spiring, CEO of the Winnipeg-based brokerage, has confirmed its board has asked management to get the company ready for an IPO in approximately two years. Wellington West […]

By Renée Alexander |October 19, 2006

2 min read

Briefly:

(October 18, 2006) Less than half of defined benefit pension sponsors are “committed” to maintaining their DB plans and many companies are making significant changes to the way these plans are managed, according to a survey by SEI. In a poll of 302 executives in charge of pensions, the survey found 42% were committed to […]

By Staff |October 18, 2006

3 min read

Sun Life possibly selling — and buying

A financial services clearance sale may be underway, possibly culminating in a radically-altered landscape for the American operations of Toronto-based Sun Life of Canada. Massachusetts Financial Services Company, generally known as MFS Investment Management, is rumoured to be for sale. Sun Life will only say that it has hired investment bankers to “advise on strategic […]

By Al Emid |October 18, 2006

3 min read