Industry News

MFDA publishes guidance on intermediary arrangements

The MFDA has published final guidance on member intermediary arrangements. An intermediary is any financial institution, such as a bank, dealer or trust company, that has an arrangement with an MFDA member dealer to facilitate transactions. As part of the arrangement, the intermediary might provide services such as trade execution, custody, settlement or record keeping. […]

By Staff |September 5, 2018

1 min read

Canadians’ finances improve but debt remains high: survey

If a strong Canadian economy translates to better wages for your clients, they might benefit from a reminder to put extra cash toward paying down debt. A survey by the Canadian Payroll Association finds that 66% of working Canadians report being in a better financial position than a year ago, but many continue to face […]

By Staff |September 5, 2018

2 min read

Does your client suffer under student debt?

If your client is a student, struggles with cash flow might be expected, but some students experience greater financial challenges. That’s because student debt is often cited in insolvency. In fact, almost one in seven insolvencies involve student debt, says a report by Hoyes, Michalos and Associates Inc., which is based on a seven-year review […]

By Staff |September 5, 2018

2 min read

BCSC fines, bans formerly registered B.C. man for unregistered trading

A formerly registered man and his company have been banned and fined $100,000 by a British Columbia Securities Commission (BCSC) panel for unregistered trading. The man must also disgorge $389,309—the amount the panel found he benefited from the contraventions. Between October 2010 and September 2014, Prabhjot Singh Bakshi and his company SBC Financial Group Inc. breached the Securities Act by […]

By Staff |September 5, 2018

1 min read