IIROC fines CIBC World Markets $119K for control failures
Fees charged to certain accounts didn't match fee agreements
- By: IE Staff
- December 22, 2022 December 22, 2022
- 17:26
Fees charged to certain accounts didn't match fee agreements
The new self-regulatory organization is considering its role in the evolving regime
Greatway must also send its universal life policyholders information to assist them in assessing the policy's appropriateness
Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts
A variety of announcements were made
The result was unexpectedly strong amid inflation and rising interest rates
Energy sector was the year's investment winner
The cryptocurrency entrepreneur was allowed $250-million bond and house arrest
The firm will pay nearly $11 million in client compensation after reps boosted their own performance numbers
Criteria need to be strict enough to be credible, without being too tough for fund managers
Many investors under 35 are being drawn to zero-commission online brokerages
Canada's population grew more in nine months than in any previous full year
Data from Morningstar Direct shows that more than 2,000 U.S. mutual funds closed over the past 10 years
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