FAIR Canada calls for clarity on industry titles
Investor survey highlights risks of confusion over titles and proficiency
- By: James Langton
- November 30, 2023 November 30, 2023
- 09:41
Investor survey highlights risks of confusion over titles and proficiency
New regime requires every advisor involved in a reportable or notifiable transaction to make their own disclosure to the CRA
Regulators propose long-awaited reforms to enhance industry dispute-resolution system
In other news, two advisor teams joined Richardson Wealth's new Victoria-based office
Staffing issues led some employers to work more hours, reduce hours of operation and refuse services contracts
FCA to require companies to set aside capital for investor redress
Swing to surplus in goods trade curbs deficit, led by higher oil prices
High bond yields and weak forecast for equities make conservative portfolios more attractive
Case involves appeal of a lower-court ruling that threw out stiff financial penalties imposed on hedge fund manager
Bank of Canada survey suggest top concerns are privacy and low levels of trust in institutions to protect personal data
The organization projects that recessions will be avoided "almost everywhere"
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