Industry News

Ventures West launches largest venture fund ever

R elated Stories Venture sector set to bounce back Venture capital industry slides again Inventive returns: a special report on venture capital Venture Capital Reins In Expectations After Second Best Year On Record “We’re pretty bullish about the venture capital environment in Canada,” Louis adds. “It’s a great place to be investing at this particular […]

By Scot Blythe |September 14, 2004

2 min read

Canada needs flexible accounting regulations, expert says

(September 14, 2004) America’s strict, check-box corporate governance rules are not entirely appropriate for Canada’s capital markets, according to one of the country’s top accountants. Instead of simply photocopying the Sarbanes-Oxley Act, Canadian regulators should take a more flexible, principles-based approach to corporate governance, allowing our many micro-cap companies to avoid crushing audit costs, says […]

By Steven Lamb |September 14, 2004

3 min read

Briefly:

(September 17, 2004) The Alberta Securities Commission has issued a lifetime ban against a mutual fund salesperson who falsified documents and misappropriated client funds. Stewart Showers, who was convicted in court earlier this year, was also ordered to pay $10,000 in investigation costs. “Showers deceived mutual fund clients as to the performance of their accounts,” […]

By Staff |September 13, 2004

7 min read

Alberta regulator releases IDA, MFDA audits

(September 13, 2004) Issues surrounding the suitability of client investments remain the most frequent investor complaint against the IDA’s prairie office, according to a recent audit conducted by Alberta’s securities regulator. And there are concerns over the way IDA staff are handling such complaints, the Alberta Securities Commission says. The ASC conducted an extensive audit […]

By Doug Watt |September 13, 2004

3 min read