Vanguard settles with SEC, NASAA
Fund change triggered large tax bills for certain investors, regulators alleged
- By: James Langton
- January 17, 2025 January 17, 2025
- 17:02
Fund change triggered large tax bills for certain investors, regulators alleged
Gambling on potential legislative outcomes undermines confidence in tax system, lawyers say
Advisory clients only offered low-paying sweep accounts, regulator alleged
Plus, other fintech platform news
Plus, TD expands its ETF lineup, other firms make fund changes
As of Friday, the other Big Six banks were still listed as members
'Canadian companies are rightly highly concerned,' Desjardins says
Credit card balances shrink, tempering increase in mortgage borrowing
The central bank 'must take on board the lessons from this unprecedented experience': Macklem
Firms breached fiduciary duties by ignoring known vulnerability, regulator alleged
Offshore investors add T-bills, slow bond buying, dump equities in November
The agency expects the world economy to grow 3.3% this year and next
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales