FINANCE & INSURANCE

B.C.’s Ministry of Finance will introduce tougher guidelines for the approximately 3,400 registered mortgage brokers it oversees in the province. Brokers will have to disclose the specific dollar value of any regular commissions they make. In...
Under its Mortgage Broker Conflict of Interest Guidelines, FICOM is trying to force networks to disclose all bonuses. But does the regulator have that power? The answer, at least concerning some of the networks, is...
Now that FICOM’s B.C. broker compensation disclosure is a done deal, many want to know how it helps consumers make better broker decisions. We asked the Office of the Registrar of Mortgage Brokers for its take… Read...
As part of its mandate to protect and preserve the best interests of the investing public, the BCSC has released five new videos to educate investors about the changes required by CRM2, specifically with regard...
A new study finds nearly half of all companies listed on the TSX still have zero women on their board of directors. If things don’t change in the next 18 months, governments should consider establishing...
Coast Capital Savings is making a bid to take its operations national, billing it as a chance to get ahead of the technological curve in an increasingly competitive financial-services sector. It is something the Surrey-based...
The arm of B.C’s financial services watchdog in charge of credit unions has left a third of its staffing positions vacant for the past three years – despite budget surpluses of millions of dollars –...
In an August 23 release, the BCSC announced the appointment of Douglas Muir as director of enforcement effective September 7. Muir has long and extensive experience in litigation. His early career includes a stint as...
It’s coming in January – the Great Reveal. “Reveal” is a movie term that documentary filmmaker Nettie Wild once defined for me. It happens when “characters present themselves in one way and then through time...
This week, a British Columbia Securities Commission (BCSC) panel permanently banned Tin Chao Alan Lau from B.C.’s capital markets for fraud involving a Richmond-based, non-profit seniors’ centre. In June, the panel found that Lau, a...