Pre-IPO schemes in U.S. authorities’ crosshairs
Unregistered investment funds are allegedly costing investors millions
- By: James Langton
- September 12, 2024 September 12, 2024
- 17:52
Unregistered investment funds are allegedly costing investors millions
CALU and IIAC hope government will reconsider minimum RRIF withdrawal regime in the 2025 budget
Reforms follow a review that found shortcomings in existing arrangements
Plus, a roundup of recent fund launches
Household assets top $20 trillion, as financial assets climb
Shorter settlement cycle has succeeded in reducing risk, freeing up capital
Central bank will need to accelerate easing to avoid recession, economist says
Stronger growth in U.S., China and India led the way
The deal represents an important addition to Canaccord's international operations, firm says
The bank had named Gibson as interim CFO in April when it fired Nadine Ahn
Inflation in Europe is now down to 2.2%, close to the bank’s target of 2%
Market uncertainty calls for neutral portfolio positioning, rebalancing
Kevin Gopaul becomes CIO of REX Financial Canada
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