Fund rep’s side hustle results in ban, fine
Clients lost more than $1.5 million on rep's failed fintech venture
- By: James Langton
- April 11, 2024 April 11, 2024
- 14:57
Clients lost more than $1.5 million on rep's failed fintech venture
Many central banks are tilting toward undoing some of the sharp hikes to interest rates
Audit regulator hits KPMG's Dutch division with record US$25-million fine
Central bank expects interest rates to land at a higher level — an important consideration for clients with debt
Regulator aims to ease asset managers' access to investment research
BCSC returns nearly $40,000 to investors who lost much more
Firm works with clients to implement modern construction methods, deliver ESG outcomes
Measures will aim to boost liquidity at financial institutions and rein in excessive banker bonuses
Figures from March will likely delay Fed rate cuts
Data this year have increased central bank’s confidence that inflation will continue to slow
A mix of retirements and firm expansions, alongside RBC's termination notice
A Mercer report analyzes impact of interest rates on different generations' financial decisions
Governments must prioritize sustainable investment as damaging events increase
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