Industry News

Dealers agree to return Portus fees

Fifty-seven investment and mutual fund dealers have agreed to a regulatory plan that will see more than $12 million in Portus referral fees returned to investors by May 31. Earlier this month, the Ontario Securities Commission (OSC), the MFDA and the IDA asked the dealers to voluntarily participate in the reimbursement plan and respond in […]

By Staff |January 31, 2006

2 min read

Briefly:

(February 3, 2006) Altamira Investment Services is increasing the interest rate of its High-Interest CashPerformer savings account to 3.25%, effective immediately. It’s the second time this year Altamira has raised rates on the popular product. On January 16, the CashPerformer rate was bumped up to 3.15%. The firm’s U.S. High-Interest CashPerformer will remain at its […]

By Staff |January 30, 2006

12 min read

SROs lay out audit trail timetable

To a busy securities firm, June of 2008 is a long way away. But to that firm’s IT staff, it’s the blink of an eye. A request for proposals soliciting vendor bids for development of the Trade Reporting and Electronic Audit Trail Standards (TREATS) will go out soon, Investment Dealers Association vice president for sales […]

By Philip Porado |January 30, 2006

3 min read

FPSC marks 10 years, honours retiring leader

The Financial Planners Standards Council (FPSC) celebrated its tenth anniversary on Thursday night at the University Club in Toronto, taking the opportunity to honour its out-going president. Receiving the surprise award was retiring FPSC founding member and president, Donald J. Johnston. Johnston was presented with a trophy and his name will be the first to […]

By Heidi Staseson |January 27, 2006

5 min read