(TORONTO – April 4, 2012) – Portfolio Management Association of Canada (PMAC) today announced that David Baines, a business columnist with the Vancouver Sun has been awarded the inaugural PMAC Award for Excellence in Investment Journalism for his article “Securities Regulation is Based on Presumptions, Misconceptions and Often Outright Myth” that appeared in the Vancouver Sun on May 18, 2011. The top prize of $10,000 will be presented to Baines at an industry event in Toronto on April 30, 2012.
PMAC President Katie Walmsley says, “We are thrilled to recognize David Baines as a gifted Canadian investigative journalist whose proactive reporting has increased investor awareness of potential illegal or unethical investment offerings and whose writings have prompted policy and rule changes to increase investor protection.”
PMAC will also formally recognize two submissions for Honourable Mentions at the April 30 industry event: MoneySense magazine’s David Aston’s “A Perfect Fit” and “Get More Out of Your TSFA”, written by MoneySense magazine’s Julie Cazzin.
“These talented business journalists play a critical role in fostering a better understanding of the investment industry, its products and services,” adds Walmsley.