August 29, 2016 10:53 AM ET

Capital Markets

Company Overview of DWM Securities Inc.

Company Overview

As of November 1, 2013, DWM Securities Inc. was acquired by Scotiabank Global Banking and Markets. DWM Securities Inc. provides wealth management and financial advisory services. The firm provides retail brokerage, institutional sales and trading, equity research, and investment banking. DWM Securities Inc. is based in Toronto, Canada. DWM Securities Inc. was formerly a subsidiary of DundeeWealth Inc.

1 Adelaide Street East

Suite 2700

Toronto, ON M5C 2V9

Canada

Phone:

416-350-5123

Fax:

416-350-5101

Key Executives for DWM Securities Inc.

DWM Securities Inc. does not have any Key Executives recorded.

DWM Securities Inc. Key Developments

Koskie Minsky LLP and Siskinds LLP Announce Court Approve $32.5 Million Settlement with Underwriters in Sino-Forest Class Action

Siskinds LLP and Koskie Minsky LLP, class counsel in the Sino-Forest class action, announced that the Ontario Superior Court of Justice has approved a CAD 32.5 million settlement with Credit Suisse Securities (Canada), Inc., TD Securities Inc., Dundee Securities Corporation, RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., Canaccord Financial Ltd., Maison Placements Canada Inc., Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the Underwriters). The Underwriters were various financial institutions that served as underwriters in one or more of Sino-Forest's public offerings of shares and notes. On October 30, 2015, Regional Senior Justice Geoffrey Morawetz made an order approving this historic settlement. The settlement agreement provides for the Underwriters to pay CAD 32.5 million in settlement of all claims arising from their dealings with Sino-Forest. The class action alleges that Sino-Forest, certain of its directors and officers, auditors and underwriters misled investors concerning the business and accounting at the collapsed timber trader. The plaintiffs include The Trustees of the Labourers' Pension Fund of Central and Eastern Canada and The Trustees of the International Union of Operating Engineers Local 793 Pension Plan for Operating Engineers in Ontario. Siskinds' securities class actions team is complemented by lawyers in Siskinds' affiliate, Siskinds, Desmeules, based in Quebec City.

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