Industry News

MFDA promises to review every member

(September 12, 2003) Mutual fund dealers, be forewarned: Keep your books in order — sooner or later, everyone will come under scrutiny. As a self-regulatory organization, the MFDA is currently reviewing both the sales practices and financial operations of all its members. So far the MFDA compliance office has completed 44 examinations but eventually every […]

By Steven Lamb |September 12, 2003

2 min read

Ontario regulator promises busy fall season for fund companies

Canadian Securities Administrators release report on fund governance (September 11, 2003) With three major initiatives on the horizon, Ontario Securities Commission (OSC) staff acknowledge that fund companies may be feeling under the gun. What’s more, these initiatives all have a November-December due date, upping the pressure on investment product manufacturers to file comments on strictures […]

By Scot Blythe |September 11, 2003

4 min read

U.S. economy stronger than it seems, IFIC delegates told

(September 11, 2003) Despite appearances to the contrary, the American economy is actually doing quite well, says Lloyd Atkinson, former vice-chair and chief strategist at Perigee Investment Counsel. “It’s a complete and utter myth that the U.S. economy is weak,” Atkinson said this morning during a keynote address at IFIC’s annual conference in Toronto. Atkinson […]

By Doug Watt |September 11, 2003

2 min read

Fund industry assets forecast to rise to $700 billion by 2010

(September 10, 2003) The days of explosive growth may be over, but that doesn’t mean Canada’s mutual fund sector is on the decline, industry leaders believe. Fund assets could rise by at least $300 billion by the end of the decade, predicts IFIC president Tom Hockin. “This industry still has room to grow,” Hockin said […]

By Doug Watt |September 10, 2003

3 min read