Industry News

Ontario insurance regulator revokes life licences

(August 18, 2004) The Financial Services Commission of Ontario (FSCO) has revoked the life insurance licences of five agents for various infractions. The provincial insurance regulator released its latest monitoring and enforcement report this week. The agents were identified by FSCO as David Braganza, Joseph Caputo, Sahil Celly, Arvind Singh and Gaetan Lefebvre. In settlement […]

By Doug Watt |August 18, 2004

2 min read

Report favours independent securities tribunal

(August 18, 2004) There is a “persuasive and overwhelming” argument for separating the adjudicative function of the Ontario Securities Commission and creating a new independent body, a report released today concludes. But the chair of the OSC believes Ontario might be better off maintaining the status quo. The report, written earlier this year by a […]

By Doug Watt |August 18, 2004

3 min read

Venture capital investment surges

(August 17, 2004) Venture capital continued to pick up steam in the second quarter of the year, as the industry invested $375 million, a year-over-year gain of 48%, according to data released by Canada’s Venture Capital and Private Equity Association (CVCA) CVCA and research partner Macdonald & Associates. “These second quarter numbers build upon the […]

By Steven Lamb |August 17, 2004

1 min read

Legal defence fund touted as adjunct to E&O

(August 17, 2004) Advisors worried about exclusions in their errors and omissions insurance policies and rising premiums have another option to consider: purchasing a membership in a legal defence fund service. It’s a niche market that’s been successfully tapped by Las Vegas-based Financial Advisors Legal Association (F.A. Legal), which offers legal consultation and counsel to […]

By Doug Watt |August 17, 2004

3 min read