SEC sanctions private equity manager over non-disclosure
Firm failed to reveal conflicted fee payments, regulator charged
- By: James Langton
- September 5, 2023 September 5, 2023
- 12:25
Firm failed to reveal conflicted fee payments, regulator charged
Plus, new leadership at Women in Capital Markets and a new executive at Horizons
Although there are tools to help, financial advisors still say it’s best to maintain updated information
The CRA said in July that it had let 20 employees go as a result of its CERB investigation
Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings
Economists see Bank of Canada holding on rates after surprise GDP contraction
Relief of penalties and interest may also be available to affected people and businesses
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
The first $500 top-up was rolled out just before Christmas and distributed $402 million
Interest rate decision on Sept. 14 will be data-dependent
The country is one of the fastest growing economies of the world
Economists, traders increasingly believe Federal Reserve won't hike in September
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