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Phoenix fires accused bond trader

Article Abstract:

The Ontario Securities Commission has ordered the Phoenix Research and Trading Corp. to report the results of a forensic audit being conducted by Ernst and Young. Phoenix Research has fired Stephen Duthie, a bond trader who has been accused of losing $125 million in the company's funds.

Author: Blackwell, Richard
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
United States, Financial management, Executive changes & profiles, Investment Offices, Investment Companies, Open-End Investment Funds, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Officials and employees, Contracts, Appointments, resignations and dismissals, Accounting firms, Accounting services, Ernst & Young L.L.P., Phoenix Research and Trading Corp.

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Insurers' books 'shrouded in mystery'

Article Abstract:

The Ontario Securities Commission is investigating the country's life insurance industry. The OSC has asked the insurers to be more open about their accounting practices.

Author: Blackwell, Richard
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Life Insurance, Direct Life Insurance Carriers, Insurance industry, Life insurance industry

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Subjects list: Canada, Laws, regulations and rules, Ontario. Securities Commission
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