Billionaire charged for using company to secure personal loans worth billions
Carl Icahn and Icahn Enterprises have agreed to pay $2M in total in penalties: SEC
- By: Michelle Chapman, The Associated Press
- August 19, 2024 August 19, 2024
- 12:53
Carl Icahn and Icahn Enterprises have agreed to pay $2M in total in penalties: SEC
Settlement hearing with Royal Mutual Funds scheduled for Oct. 15
Young people were the hardest hit, data shows
Two sectors made 53% of all corporate capital gains in Canada between 2018 and 2022, data shows
Sentencing followed long-running scheme that diverted more than $10.7 million of investor funds
Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities
The sanction is the FCA's first penalty against an auditor
IG Wealth snagged a new director of business development, and more
The supply of affordable housing has been a key political issue
High valuations, uncertainties loom in second half
Despite the quarterly result, sustainable fund assets grew to $60 billion
Guarding against the emerging threat to encryption will be a long, costly venture, rating agency says
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