Compliance

MFDA fines HollisWealth $130,000 for failure to supervise, improper release Fallback Image Decorative pattern

Industry

MFDA fines HollisWealth $130,000 for failure to supervise, improper release

The MFDA has fined HollisWealth Advisory Services Inc. for failure to supervise approved persons and for inappropriate business conduct regarding an acknowledgement and release. In Toronto on March 7, 2017, a three-member hearing panel imposed: In the settlement agreement, HollisWealth admitted that between November 5, 2004, and May 20, 2014, it failed to adequately supervise […]

By Staff |March 16, 2017

2 min read

Jacob Securities head fined $100,000, suspended 3 years Fallback Image Decorative pattern

Industry

Jacob Securities head fined $100,000, suspended 3 years

On March 6, 2017, an IIROC hearing panel fined and suspended Sasha Jacob. Jacob admitted he failed to supervise the activities and individuals at his then member firm, Jacob Securities Inc. Specifically, Jacob admitted to the following violation: From November 2013 to December 2015, as ultimate designated person (UDP) at Jacob Securities Inc., he failed […]

By Staff |March 13, 2017

1 min read

Interested in leveraged strategies? Be cautious Interested in leveraged strategies? Be cautious

Market Insights

Interested in leveraged strategies? Be cautious

Most advisors avoid leveraged products and strategies, and there are two main reasons.

By Katie Keir |March 10, 2017

5 min read

CSA review highlights risks of social media disclosure Fallback Image Decorative pattern

Industry

CSA review highlights risks of social media disclosure

The Canadian Securities Administrators (CSA) has published CSA Staff Notice 51-348, which summarizes findings and disclosure expectations for reporting issuers that use social media. The review found that 72% of issuers actively use at least one social media website, but 77% have no specific governance policy to direct their disclosure practices on those sites. Social […]

By Staff |March 9, 2017

2 min read