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May
28
2020
The Board of Directors for the Ombudsman for Banking Services and Investments (OBSI) approved changes to the organization’s Bylaw to require at least one director to be designated a Consumer Interest Director. A Consumer Interest Director will have a particular interest in, access to, and experience representing the interests of the types of consumers which […]
May
26
2020

There will almost certainly be some nerve-wracking moments ahead for a portfolio of stocks bought on leverage, particularly speculative investments. Even dividend stocks could get hit, as some did in March. Already, a significant number of dividend payers have had to cut their cash payouts because of the economic slowdown. We all have a lot […]
May
25
2020
BMO Investments Inc., the mutual funds dealer arm of BMO Bank of Montreal, will discontinue the deferred sales charge (DSC) option for new mutual fund purchases later this year. Click here to read the Investment Executive article
May
21
2020
As the COVID-19 pandemic causes continued uncertainty in the economy and the capital markets, the Canadian Securities Administrators (CSA) has been working to protect and educate investors. Click Here to read the CSA release
May
20
2020
The Canadian Securities Administrators (CSA) today published two blanket orders that provide investment funds and non-investment fund issuers with temporary relief from certain regulatory filings and delivery obligations Click Here to read the CSA release
May
07
2020
The OSC’s Investor Advisory Panel released the 2019 annual report summarizing its activities, submissions, consultations and meetings during 2019. Click Here to read the OSC release
May
01
2020
Given the outbreak of COVID-19 and related financial market uncertainty, the OSC has decided not to consult on a more detailed Statement of Priorities at this time. The OSC will continue to operate under the existing Statement of Priorities from 2019-2020 and the regulatory burden reduction initiative at this time. Click here to read the […]
Apr
29
2020
RBC Capital Markets (RBC) has agreed to pay US$3.9 million to settle charges by the U.S. Securities and Exchange Commission (SEC) that it failed to disclose potential conflicts of interest when recommending and selling higher-cost mutual funds to a number of retail retirement account and charitable organization brokerage customers. RBC recommended and sold mutual fund shares with up-front sales […]
Apr
27
2020
Investment Executive – The industry self-regulatory organization, Investment Industry Regulatory Organization of Canada (IIROC), issued new guidance that focuses on dealers’ sales practices when recommending leveraged and inverse ETFs to retail investors.  IIROC warns that leveraged and inverse ETFs that are reset daily are typically “unsuitable for retail investors who plan to hold them for […]
Apr
22
2020
Investment Executive – A hearing panel of the British Columbia Securities Commission (BCSC) ordered $32.8 million in disgorgement from a collection of companies, known as the FS Group, along with $2 million in penalties against each of the companies’ founders, Aik Guan “Frankie” Lim and Scott Thomas Low, after finding that they violated securities laws […]