Monthly Archives: July 2014

StreetBeat will be back on August 5th

StreetBeat will be back on August 5th

 

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IIAC Welcomes New Board Chair and Vice Chair

IIAC Welcomes New Board Chair and Vice Chair

 

The Board of Directors of the Investment Industry Association of Canada (IIAC) is pleased to announce the election of Sylvain Perreault, Chief Compliance Officer, Desjardins Group, as new Board Chair of the Association.  In addition, Greg Woynarski, CFA, Global Head of Debt Capital Markets, Scotiabank Global Banking and Markets, has been elected Board Vice Chair. 

 

In addition to Mr. Perreault and Mr. Woynarski ’s elections, the IIAC welcomes the following new Board members: 

Matthew Gaasenbeek – President, Canaccord Genuity (Canada)   Bryan Osmar – Managing Director & Head, Market Infrastructure, RBC Capital Markets

The following Board members have … Continue reading

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IIAC chief Ian Russell stands up for Canada’s investment industry in a no-holds-barred response letter

IIAC chief Ian Russell stands up for Canada’s investment industry in a no-holds-barred response letter

 

An excellent read in the following no-holds-barred Letter to the Editor which appeared on InvestmentExecutive.com this morning and will remain online for the next month. The letter is in response to an inflammatory and distorted column by FAIR Canada’s new executive director, Neil Gross, that appeared on InvestmentExecutive.com last month.  

The IIAC remains committed to speaking out on behalf of our member firms to address misconceptions and misinformation about our industry, particularly when the allegations are as egregious as those put forth by Mr. Gross.

 

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Get Smarter About Money: A One-Stop-Shop for Investor Education

Get Smarter About Money: A One-Stop-Shop for Investor Education

GetSmarterAboutMoney.ca is a valuable resource which provides everyday Canadians with free unbiased and independent investing and personal finance tools and information. It features videos, quizzes, calculators, infographics, blog posts and articles on topics that span several key life events and provide value to everyone from high school students and investing novices to retirees and financial experts.

The site is provided by Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission.

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Five New Investment Dealers Join IIAC

Five New Investment Dealers Join IIAC

And today the IIAC is very pleased to welcome five new Member Firms to our roster of investment dealers.   

Our new Member Firms are: 

AURAY Capital Canada Inc.Harbourfront Wealth Management Inc.Perron & Partners Wealth Management Corp.Pershing Securities Canada LimitedQtrade Securities Inc.

The IIAC’s 160 Member Firms are located across Canada and vary in size from small regional dealers with a few employees to large national firms with thousands of employees.  They include large retail dealers (non-bank owned), medium retail dealers, small retail dealers, institutional dealers and integrated dealers (including bank-owned).  All IIAC Member firms … Continue reading

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IIAC Welcomes Four New Affiliates

IIAC Welcomes Four New Affiliates

The IIAC is very pleased to welcome the following new Affiliates to the fold.  IIAC Affiliates are non-investment dealer firms that operate within or provide services to the investment industry, both in Canada and internationally. They include market participants (i.e. custodians and investment managers), service and infrastructure providers and investment industry suppliers. 

Information regarding the IIAC Affiliate program can be found here.

Our new Affiliates are:

AccenturePriceMetrix Inc.RPM TechnologiesPureFacts Financial Solutions

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IIAC Supports CanPX Debt Market Transparency Initiative

IIAC Supports CanPX Debt Market Transparency Initiative

CanPX Bolsters Canadian Debt Market Transparency through Launch of Free Corporate Bond Pricing Page

Today CanPX announced it has begun providing free trade price information on its list of approximately 340 designated Canadian corporate bonds. The information is publicly accessible via the CanPX website and includes previous day’s high, low and last traded price for each designated bond as well as corresponding yield information.

“CanPX is excited at the launch of this new market transparency offering which will provide useful and timely information on bond transactions to assist all investors when making portfolio decisions. The availability of this information will bolster … Continue reading

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Registration is now open

Registration is now open

2014 IIAC Investment Industry Hall of Fame Induction Ceremony

Date:  Thursday, October 30, 2014

Location:  The Four Seasons Hotel Toronto, 60 Yorkville Avenue

The IIAC Investment Industry Hall of Fame provides a platform to pay tribute to the talent and integrity of professionals in the Canadian securities industry.

“We are proud to honour the outstanding individuals who are worthy of inclusion in this elite group of Inductees,” said Ian Russell, IIAC President and CEO.  “These individuals represent excellence, innovation and integrity in our industry.”

Catherine Murray, host of BNN’s Business Day, will serve as the Master of … Continue reading

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CRM2 Takes Effect Today; The IIAC Recognizes the Combined Efforts of Industry Participants and Regulators in Facing the Implementation Challenge Head-On

CRM2 Takes Effect Today; The IIAC Recognizes the Combined Efforts of Industry Participants and Regulators in Facing the Implementation Challenge Head-On

Following two years of CRM1 implementation, the first major implementation date for the second phase of Client Relationship Model (CRM) requirements – CRM2 – is upon us.

Beginning no later than today, dealers must provide the following to clients:

More comprehensive pre-trade charge disclosures; Additional details regarding commissions on trade confirmations for debt securities; and Explanations about how to use benchmarks to help assess account performance.

These rules, resulting from extensive communication between the industry’s firms, regulators and other stakeholders, are designed to balance greater transparency when dealing with clients with the already extensive CRM requirements to which IIROC dealers … Continue reading

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The IIAC and Ivey Business School Present “Providing Canadian Investment Opportunities to Investors from Greater China” (November 10 to 13, 2014 in Hong Kong)

The IIAC and Ivey Business School Present “Providing Canadian Investment Opportunities to Investors from Greater China” (November 10 to 13, 2014 in Hong Kong)

The Investment Industry Association of Canada (IIAC) and Ivey Business School have developed a joint program aimed at IIAC member firms interested in the Hong Kong marketplace.

The four-day program will provide executives with an understanding of retail and institutional investors in the region as well as the legal and regulatory framework to distribute and trade Canadian investments to local and mainland Chinese investors in Hong Kong. The program will also provide networking sessions to establish relationships needed to build local business.

The IIAC is currently seeking expressions of interest from IIAC member firms and/or guests.  Please … Continue reading

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