Dollar rises following Quebec election results
Re: “Planned merger of SROs a study in contrasts,” by James Langton (IE, January 2007).This article on self-regulatory organizations, contrasting the allegedly “dynamic U.S. system and the sleepy Canadian one” misses these several interesting points:> The National Association of Securities Dealersand NYSE Regulation Inc. currently regulate the financial condition and business conduct of the same […]
Natural resource, income trust indices are the month’s worst performers
Advisors need to make clear to clients that the tax treatment of payments from long-term care insurance policies may change
For the first time, the NASD has suspended a firm from opening new mutual fund accounts.The NASD sid Thursday that National Securities Corp. may not open accounts for new clients for 30 days for its involvement in deceptive market timing practices and for failing to have an adequate supervisory system to prevent deceptive market timing […]
An Ontario Securities Commission panel has upheld Market Regulation Services Inc.’s decision that trader Donald Greco engaged in front-running.Greco sought a review of RS’s decision against him, which found him guilty of front-running. It imposed a fine of $15,000, $10,000 for costs, disgorgement of $250 and a one-month suspension.The OSC upheld RS’s ruling, saying the […]
Q3 earnings up 21% over last year
Guidelines clarify prohibition of controlling shareholders