In The Lawyers Weekly, Bernard Pinsky recently discussed financial advisors facing tough new rules. Bernard states that "it's going to make it quite a bit more expensive for brokers, dealers and advisers to do business because of the compliance requirements."
In a recent Advisor article, Bernard Pinsky discusses the CSA’s new proposals that, if adopted, may increase the cost of advisor services, leaving less return for investors and possibly amplifying the allure of cheaper online investing, explains Bernard. Read the full article to learn more.
Jennifer Loeb was successful in the BC Court of Appeal on behalf of an insured landlord following a house fire in a rental property. The court found that failing to install a smoke alarm does not automatically render the landlord liable for fire losses. Read the reasons for judgement to learn more.
The Civil Resolution Tribunal (CRT) has launched the beta version of Solution Explorer, a tool for helping people manage and resolve disputes in BC. For now, Solution Explorer works for strata disputes. Congratulations to Pat Williams and the rest of the CRT team for making this productive public resource a success. Read the CRT’s article to learn more.
Clark Wilson acted for Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) in closing its public offering of 29,670,000 trust units, on a bought deal basis, for total gross proceeds of $149,833,500. Vikram Dhir and James Speakman led the Clark Wilson team, with assistance from Ethan Minsky on US securities matters. See PIRET's news release for more information.
Andrew Dixon has been appointed to the board of the Canadian Bar Association, BC Branch, Employment Law section. Andrew looks forward to contributing to the educational, advocacy and professional needs of members of the employment law bar in BC. Congratulations Andrew!
Bernard Pinsky, Q.C. was quoted in the May Advisor’s Edge Report (Advisor.ca), IIROC Imposed More Sanctions in 2015. The articles discuss IIROC’s and MFDA’s 2015 enforcement reports, and the findings of each report. Regarding IIROC, Bernard discussed the large proportion of suitability complaints being a positive, while in the MFDA article, Bernard covers signature falsification.
Clark Wilson acted for Capstream Ventures Inc. (TSXV: CSP) in completing its TSXV qualifying transaction. Immediately prior to closing, the company also closed a partially brokered private placement for gross proceeds of $1,150,000.
The resulting issuer had an opening TSXV market capitalization of approximately $40.75 million and is listed as a Tier 2 Investment Issuer on the TSXV with equity interests in Axion Games Limited and Innovega Inc. Craig Rollins and Larry Yen led the Clark Wilson team. For more information, read the news release.
Clark Wilson acted for Hempco Canada Superfoods Inc. in completing a TSXV Qualifying Transaction through the sale of all of its issued and outstanding securities to the resulting issuer, Hempco Food and Fiber Inc., in exchange for the issuance of 20,000,000 common shares.
The parties completed a bridge and concurrent financing for aggregate gross proceeds of $1,934,500. Hempco Superfoods is now a wholly-owned subsidiary of the resulting issuer, which is listed on the TSXV under the symbol “HFF.” Don Sihota and Craig Rollins led the Clark Wilson team. For more information, read the news release.