Ex-fund manager lands in jail
Investors were misled about fund's trading and holdings, U.S. district court judge says
- By: James Langton
- May 17, 2023 May 17, 2023
- 16:54
Investors were misled about fund's trading and holdings, U.S. district court judge says
Rising rates, benchmark reform, commodity prices all affected activity
Bid for judicial review quashed, motion to summon top OSC brass rejected
Regulators ask lawmakers for action on investment fund costs
Portfolio flows turn negative in March, but stay positive for first quarter
Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run
Strong inflation data coupled with housing market rebound makes case for more BoC tightening
Small, straightforward tech solutions can have big payoffs, OSC TestLab finds
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
Raymond James names a new head of investment strategy, while iA shakes up its executive team
Consumers face challenges in the second half of the year, including tighter credit and a weaker job market
Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks
OSFI is requiring an interim transition for liquidity measurement by Aug. 1 as the regulator consults on wholesale funding categories
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