Law

Due diligence can prevent estate litigation

Poor choices made by financial planners in connecting their clients to wills and estate lawyers can, and often do, result in lengthy and expensive estate litigation. Solicitor negligence is not something that people like to talk about, but it can be a problem, said Markham-based Andrea Kelly, barrister and solicitor, speaking at the CIFPs’ 9th […]

By Vikram Barhat |June 17, 2011

4 min read

Industry

IIROC fines CIBC World Markets

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has approved a Settlement Agreement, with sanctions, between IIROC staff and CIBC World Markets.

By Staff |June 14, 2011

1 min read

Market Insights

Feds act to legitimize covered bonds

More financial institutions are interested in covered bonds, thanks to increasing regulatory capital requirements, the need to re-establish acceptable capital levels in the short term and declining interest in securitized loans.

By Richard E. Austin |June 1, 2011

3 min read

Market Insights

Stiff penalty in Bahd case

The British Columbia Securities Commission (BCSC) has settled with a man who admitted he lied about his involvement with a U.S. over-the-counter issuer.

By Staff |May 27, 2011

2 min read

Avoiding a social media lawsuit

Having a bad day at work? That FaceBook rant or Twitter post that allowed you to blow off some steam could land you in hot water or worse, you could wind up in court. Statements posted online that negatively impact the reputation or image of another person, business or product, may be considered defamation. The author of such a posting could face legal action especially if they used assets at work – a laptop computer, a desktop computer or a cell phone – to do so.

By John Powell |April 26, 2011

3 min read

Regulation fight an uphill battle for Feds

Whatever you think about the proposal for national securities regulation, the persistence of the Federal Government is admirable. Despite opposition from Alberta and Quebec, waffling support in British Columbia and doubt about the legality of the policy itself, Ottawa has unveiled draft laws, put together a “Transition Office” to manage the process, and done their best to ensure that everyone expects that some form of national regulation is on its way.

5 min read

Incorporating salespeople touches a nerve

For over a decade, registered salespeople have sought the right to incorporate. Many other professionals most notably those selling insurance—have been able to do so for quite some time. Though not legally able to incorporate, many salespeople assign commissions earned on the sale of securities to unregistered corporations. But this approach, unless properly structured and […]

2 min read

Beware the new e-rules

Recent federal government regulations will allow banks and other financial institutions to do more business with customers online and electronically transmit documents currently mailed at hefty postage, printing, disposal and environmental costs.

3 min read

P.M. market numbers for January 21, 2010

The Toronto stock market tumbled Thursday over another round of concerns about tightening credit in China and proposals to impose tougher regulations on U.S. banks. "We’ve run a big rally here," said Sid Mokhtari, market technician at CIBC World Markets. "We shouldn’t be panicking by any means. It’s more of a backing and filling (by […]

By Staff |January 21, 2010

4 min read