Court

AGF suing former fund manager Fallback Image Decorative pattern

Industry

AGF suing former fund manager

On Friday, AGF Management and AGF Investments launched a lawsuit against a Dallas-based investment company and its recruitment firm. It alleges Westwood Holdings Group—along with select individuals, including ex-fund manager Patricia Perez-Coutts—orchestrated an attempted unlawful lift-out of an entire team of experienced investment managers. Perez-Coutts left her position at AGF this spring. She and some […]

By Staff |August 7, 2012

1 min read

Court approves distribution of ABCP funds Fallback Image Decorative pattern

Industry

Court approves distribution of ABCP funds

An Ontario court has approved a plan submitted by the OSC and IIROC to distribute funds to investors burned in the third-party Asset-Backed Commercial Paper (ABCP) fiasco that began in 2007.

By Staff |March 13, 2012

1 min read

Above and Beyond Fallback Image Decorative pattern

Life

Above and Beyond

Would the law go so far as to impose an obligation on an advisor to seek out and advise a beneficiary of a right to pay a premium on a lapsed policy? I don’t know, but if I were an advisor encountering a potential lapse situation, I’d have Compliance on speed dial.

August 1, 2011

3 min read

Two sentenced for breaching trade order Fallback Image Decorative pattern

Industry

Two sentenced for breaching trade order

An Ontario Provincial Court has sentenced Danny De Melo and Steven Hill to 90 days in jail for violating the terms of an Ontario Securities Commission cease trade order. They also face one year of probation and were also ordered to make restitution totalling $993,089.67 to 22 Ontario investors.

By Staff |April 19, 2011

1 min read