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May
07
2018
James Langton writes for the Investment Executive on the U.S. Securities and Exchange Commission launching a new online search tool that will provide easier access to information on securities law violators. The new tool, SEC Action Lookup for Individuals (SALI)  is intended to assist the public in making informed investment decisions and avoiding financial fraud […]
Apr
23
2018
Kira Vermon writes in The Globe and Mail about caution people should display when hearing investment advice in the mainstream media. Vermon lists a few “maxims, platitudes and just plain worthless bits of advice that pop up in the media.” These include a bubble being “different this time”, high fees not mattering as long “as […]
Apr
20
2018
Ken Sweet of the Associated Press reports on the settlement agreement with Wells Fargo & Co., requiring it to pay US $500 million to the Office of the Comptroller of the Currency, its main national bank regulator, and US $500 million to the Consumer Financial Protection Bureau. The settlement is the result of charges tied […]
Apr
19
2018
Mike Orcutt writes for MIT Technology Review about a lawsuit against the developers of a little-known cryptocurrency called Nano to recover US $170 million in lost funds. He discusses the remedy sought in the lawsuit –  a “rescue fork” –  changing the rules the blockchain’s network uses to define valid transactions in order to “fairly […]
Apr
09
2018
Ontario securities watchdog probes cryptocurrency industry following complaints
Mar
15
2018
Matthew Miller of Reuters reports,  in a story appearing in The Globe and Mail, that Ontario Superior Court Justice Michael Penny has awarded plaintiffs $2.63 billion in a civil case against Sino Forest Corp co-founder and CEO Allen Chan. In a 174 page judgment, Justice Penny found that Chan engaged in fraud, breach of fiduciary […]
Mar
12
2018
Julie Ragatz discusses how financial firms may continue to move away from sales-based incentive compensation and how academic studies show that the same performance results can be achieved without having tangible, material rewards. The article explains why incentive pay is important to people – it provides autonomy (we control how much we earn and our […]
Mar
12
2018
Susan Silma writes for Purefacts Financial Solutions about how key messages from CRM2 requirements may not be getting through to investors. Basic barriers to understanding for investors include information being difficult to find and reporting being complicated. Silma states that investor reactions to the CRM2 reports include surprise regarding the amount of fees, confusion regarding […]
Mar
01
2018
In an editorial for the Investment Executive (“IE”), IE staff call for Canadian policy makers to look to the United States for inspiration on the issue of protecting seniors. The editorial states that at minimum there should be a central point of contact for Canadian firms and advisors when they suspect that a vulnerable client […]
Feb
13
2018
Dale Smith of the Law Times reports on how the bill amending the federal Canada Business Corporations Act has seen a number of amendments in the Senate. One amendment proposes a 90-day grace period to give companies more time to transition to the requirement that a director resign if he or she has not received […]