How To Become A Dealer / Sales Trader

Follow up on my posting on how to become an equity analyst, this one refers to the very uncertain, multi definition role of who and what a dealer is. It depends on the securities firm, whether they are players in the institutional business.Let's start by defining the various dealing roles:a) remisiers - you basically work for yourself, pass the required papers, put down at least RM50,000 or RM100,000 and you can start getting clients onto your account, you probably get 40-60 sharing on commission though some may even get 30-70, the latter being your share, you must treat this as your own business, so the question is what do you bring to the table,...

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Insurance News - Wednesday, January 30, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Wednesday, January 30, 2013:Fraud concerns linger over Illinois driver license law that issues licenses to illegal immigrants.Why are drivers with clean driving records not always charged lowest auto insurance rates? According to Moodys, the Global economy is still a headache, but P&C insurers positioned to weather headwinds.Check out my article in January 2013 issue of Canadian Underwriter on regulating the towing industry in Ontario.Less than 20% of fraudulent insurance claims are detected or denied. Seems like we could do better....

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Top 10 Universities in the World for 2013

 #5  University of Oxford            It’s another pride of the United Kingdom, the University of Oxford which was established in 1200 which was the oldest university on this list, wherein it caters to serve over 130 nationalities of students globally. It’s best known as collegiate university because of the federal system that it actually implements. According to QS report, it got 98.6 overall score rating which a slight difference last year of 98.84 since it has maintained the number 5 spot for this year’s survey. The difference took place under their Engineering & Technology from raw score...

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Top 10 Universities in the World for 2013

The Quacquarelli Symonds or QS which is a London-based education firm has released the ranking of universities around the world that did pass the top 300 for 2012 to 2013 list. There were universities that have actually slid down from the list from last year’s ranking, and there are some who went-up and even exceeded others who are already on top.Out of these 300 universities, here are the top 10 universities in the World for 2012-2013 which were actually garnered through different surveys that they have conducted among 25,000 employers and more than 46,000 academics. Hence, the basis of the results were actually derived from the point...

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Anti-Fraud Regulations Come Into Effect June 1

The Ontario Government has made public the regulatory changes that will be made to help combat auto insurance fraud.  The changes were approved on January 21, 2013 and are scheduled to come into effect on June 1, 2013.  Regulation 14/13 amends the Statutory Accident Benefits Schedule (SABS) - 34/10.  The amendments to the SABS include:a requirement for insurers to provide all reasons when denying medical and rehabilitation claims; providing FSCO with authority to stipulate additional information that insurers must provide in bi-monthly benefit statements to claimants; giving insurers authority to require claimant confirmation of receipt of goods and services that have been billed; and providing FSCO with authority to stipulate by Guideline the maximum payable...

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Stocks For Post Elections - The Flip Side

Starbiz daringly came up with 8 stocks for those who think that the government will stay in power. The reasoning being, you may see volatility or weakness in stocks as the polling date draws nearer. They are of the view that IF you think BN stays in power, the following stocks may be "collected on weakness"http://biz.thestar.com.my/news/story.asp?file=/2013/1/29/business/12638990&sec=businessThey include: Sapura Kencana, MMHE, Handal Resources, Cypark Resources, Prestariang, MYEG, CIMB and Gamuda.My question is: Does that mean that if the opposition wins, the above 8 stocks will be hammered? Well, I think so. You cannot have your cake and...

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Top 10 Strongest & Largest Armies In The World

Armies are for self defense and they ensure the existence of the country against intruders, they protect the goals for existence of every country and they acquire the target. Air, sea and land are the three ways in which the country needs security and for this we have army, Air Force and Navy.The size of the army depends on the challenges and threats faced by the countries and the hegemonic designs of the country. But if you don’t have any threats from neighboring countries or if the country is surrounded by strong countries then they don’t require having large forces.Geo political situations of the countries behind that also effect the...

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Insurance News - Monday, January 28, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Monday, January 28, 2013:Consumer Federation of America Report: Largest auto insurers often charge higher premiums to safe driver.Multitasking and Distracted Driving: You Are Not the Exception.Most brokers are not using basic social media platforms: Twitter, Facebook, Google search engine, blogs. Liability Issues Create Potholes on the Road to Driverless Cars....

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FSCO Arbitrator Further Clarifies Meaning of 'Economic Loss'

In the recent case of Simser and Aviva (FSCO A11-004610, January 16, 2013), Arbitrator Lee examined the meaning of “economic loss” in s. 3(7)(e) of the SABS.The insured provided a report from an economist regarding the definition of “economic loss”.  He argued that since it was not defined in the SABS it should be defined to include “opportunity cost”, as well as loss of time devoted to labour or leisure. The arbitrator indicated that if a broad interpretation of "economic loss" was accepted, it would negate the intent of introducing the amendment.  The outcome would be no change to the interpretation prior to September 1, 2010.Aviva argued that economic loss should mean a financial or monetary loss. The arbitrator rejected the insured’s argument and accepted that of the insurer. ...

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