Industry News

Fund companies begin disclosing trading policies

(November 7, 2003) Canada’s mutual fund companies are responding to a call from the country’s largest securities regulator for information on their trading policies. The move comes in the wake of a fund industry scandal south of the border, where a number of major companies have been accused of late trading and market timing abuses. […]

By Doug Watt |November 7, 2003

3 min read

Assante shareholders endorse CI takeover

(November 7, 2003) Assante shareholders have overwhelmingly endorsed the company’s plan to accept a takeover bid by CI Funds. At a special shareholder meeting on the trading floor of the old TSE, 99.6% voted in favour of the deal. Under the deal, Assante will split its Canadian retail operations from its U.S. high net worth […]

By Steven Lamb |November 7, 2003

2 min read

FPA Success Forum update: Economist excited by best wealth accumulation conditions in years

(November 7, 2003) Citing three “growth-producing” factors that are coming together at the same time, one economic expert told advisors attending the Financial Planning Association’s (FPA) Success Forum this week in Philadelphia that there is an opportunity to “accumulate real wealth unlike anything we have seen in the last 20 years.” According to Dr. Robert […]

By John Craig |November 7, 2003

3 min read

Ontario regulator seeks fund firms vigilance

(November 6, 2003) The Ontario Securities Commission (OSC) has sent a letter to the managers of all retail mutual fund companies traded in Ontario, asking them to confirm that their firms have effective policies in place to prevent the type of trading abuses being investigated in the U.S. “There is no indication at this time […]

By Steven Lamb |November 6, 2003

2 min read