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4 days ago | 
investmentexecutive.com | James Langton
The court noted FSRA has received complaints from investors, including that interest payments have stopped, loans have not been repaid, and allegations of other irregularities — including that investor funds may have been diverted. These allegations have not been proven. The receivership application was not contested; the firm consented to the appointment.
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4 days ago | 
investmentexecutive.com | James Langton
The court issued the order based on the OSC’s concerns about possible misconduct, including the possibility that investor funds raised for certain projects were improperly diverted to others. The OSC has not made any enforcement allegations, and no misconduct has been proven.
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4 days ago | 
investmentexecutive.com | James Langton
“The slowdown is expected to be most concentrated in the U.S., Canada, Mexico and China, with smaller downward adjustments in other economies,” it said. It now projects that U.S. GDP growth will drop to 1.6% this year and to 1.5% in 2026, down from 2.8% in 2024. For Canada, growth is now seen slowing to 1% this year and 1.1% in 2026. Mexico is expected to grow at just 0.4% before rising to 1.1% next year. China’s growth is projected to ease from 5% in 2024 to 4.7% this year and to 4.3% in 2026.
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4 days ago | 
investmentexecutive.com | James Langton
Specifically, the regulator alleged that Baron, along with others, engaged in “uptick trading and bid support” for shares of Softlab in 2020. “Uptick trading and bid support are trading strategies used in market manipulations to show false momentum or interest in the trading of a stock and to create an artificial price for the stock, not reflective of genuine supply and demand,” the ASC noted.
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4 days ago | 
investmentexecutive.com | James Langton
James Langton The umbrella group of U.S. state and provincial regulators, the North American Securities Administrators Association (NASAA), is launching an advocacy group devoted to research into investor protection and investor education.
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4 days ago | 
investmentexecutive.com | James Langton
James Langton The Office of the Superintendent of Financial Institutions (OSFI) has completed a restructuring that streamlines its six divisions into four, it announced Monday in a letter to the industry.
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5 days ago | 
investmentexecutive.com | James Langton
James Langton The surge in first-quarter market volatility boosted the trading revenues of large European banks to record highs, Morningstar DBRS reports — and the trend is expected to continue driving capital markets revenues for the rest of the year. The rating agency reported that Wall Street wasn’t the only beneficiary of higher first-quarter volatility, which boosted trading activity.
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5 days ago | 
investmentexecutive.com | James Langton
The mother’s intention was for the cottage to remain in the family and be shared among the children. If any of them didn’t want to share ownership, her will allowed them to opt out in exchange for $5,000. None of the children ever opted out, but now two of the three surviving siblings want to sell. Their sister, the trustee of the estate, opposed the sale and sought to buy them out for $5,000 each, as the will allowed. However, the court concluded that the buyout is no longer an option.
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5 days ago | 
investmentexecutive.com | James Langton
James Langton A Vancouver-based advisory firm, Agentis Capital Advisors General Partnership, was sanctioned on Friday by the U.S. Securities and Exchange Commission (SEC) for registration failures. The SEC settled charges against the firm for allegedly violating U.S. securities rules by failing to register as a municipal advisor when counselling several entities in connection with the issuance of municipal securities.
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5 days ago | 
investmentexecutive.com | James Langton
James Langton The initial data for the second quarter point to a sharp drop in trade that will weigh on growth for Canada and other major U.S. trading partners, says National Bank Financial Inc. (NBF). In a research note, NBF said U.S. goods imports fell by a record 19.8% in April.
