Industry News

Enforcement stacked against accused, expert says

(February 21, 2005) Regulatory enforcement proceedings in the financial services industry are largely unfair to those under investigation, according to Steven Sofer, a partner at law firm Gowlings Lafleur Henderson. Speaking to the Canadian Institute’s Securities Superconference in Toronto last week, Sofer said many who find themselves under investigation end up settling with regulators simply […]

By Staff |February 21, 2005

2 min read

Under the 49th: U.S. regulatory update

(February 18, 2005) It’s an old saying that has a ring of truth, “What happens there, will eventually happen here.” Let’s face it, securities regulators in Canada keep a close eye on their colleagues in the United States to see what measures they’re taking to monitor and guide compliance activities at advisory and brokerage firms. […]

By Philip Porado |February 18, 2005

3 min read

Feds get an earful on the budget

(February 18, 2005) With the tabling of the federal budget less than a week away, various interest groups are offering suggestions to Ottawa on how to manage the nation’s finances. Depending on who you ask, the feds need to cut taxes, raise benefits and pay off the debt. According to the Canadian Institute of Chartered […]

By Steven Lamb |February 18, 2005

3 min read

Advisors wary as Portus lays off staff

(February 18, 2005) Hedge fund firm Portus — under investigation by the OSC — has terminated the bulk of its staff but continues to insist that all investments are secure. In a statement posted on its Web site late Thursday, Portus said that as a result of the OSC’s regulatory order preventing deposits and withdrawals […]

By Doug Watt |February 18, 2005

3 min read