Meme Stocks and GameStonks: Navigating the Rise of Retail Investing in Canada’s Markets
Webinar with Edward Kholodenko, Andrew Kriegler and John McKenzie
In parallel with the surge in trading activity and volatility in “meme stocks'' in the United States, a new generation of retail investors has emerged and become increasingly active in Canadian markets. Does the rise of retail participation, fuelled by social media information, signal the need for industry stakeholders and regulators to respond? Join the C.D. Howe Institute on April 14 to hear an expert panel discuss the short- and longer-term implications of the meme stocks phenomenon and make recommendations to better protect retail investors.
C.D. Howe Institute events and webinars are open to members and their guests.
Edward Kholodenko, President and Chief Executive Officer, Questrade Financial Group
Edward Kholodenko, is the founder, President & CEO of Questrade Financial Group as well as President & CEO of Community Trust Company since 2019. In addition, Edward serves on the Board of Directors of Questrade Financial Group, Questrade, Inc., QuestWealth Management Inc. and Community Trust Company.
Edward founded Questrade in 1999, and now after 21 years, proudly leads a team of over 1000 professionals dedicated to helping Canadians and their families be more financially successful, with headquarters in Toronto and technology and operational support offices in both Europe and South America.
Questrade’s vision is to help transform Canadian financial services with outstanding and innovative online financial services that help Canadians keep more of their money. By focusing on delivering on a “we care deeply about the financial success and security of Canadians” mission, Questrade has become the fastest growing and #1 ranked online brokerage in Canada and an emerging leader in both robo advisor portfolios and, more recently, mortgages.
Under Edward's leadership, Questrade has been named one of Canada’s Best Managed Companies nine years in a row, rated #1 in Investor Satisfaction by JD Power, chosen Canada’s Best Online Brokerage by Moneysense, earned the Dalbar Seal of Excellence for customer service, and also been selected one of Canada’s Top Small & Medium Employers and Most Admired Cultures.
By focusing on the core values of innovation, curiosity, team work, entrepreneurialism, customer centricity, honesty and transparency, business growth has accelerated in recent years to over 500,000 clients and over $30 Billion in assets under administration.
Edward has been recognized throughout his career as a respected leader in financial services and in 2014 was chosen Entrepreneur of the Year by E&Y in the Services category for Ontario.
In addition to his business leadership, Edward is very active in numerous charitable and philanthropic efforts including local community food banks. Questrade has become a major contributor to Food Banks of Canada donating over two million meals and also supports Junior Achievement in promoting financial literacy among Canadian students.
Edward is a graduate of the University of Western University and he and his wife, Inna, are the proud parents of five children.
Andrew Kriegler, President and Chief Executive Officer, Investment Industry Regulatory Organization of Canada (IIROC)
Andrew has been President and Chief Executive Officer of the Investment Industry Regulatory Organization of Canada (IIROC) since late 2014. Before becoming a securities regulator at IIROC, Andrew was Deputy Superintendent of the Office of the Superintendent of Financial Institutions (OSFI) where he was responsible for the prudential supervision of Canada’s federally regulated financial institutions.
He spent some 25 years in the private sector, most recently as Treasurer of CIBC from 2008 to 2012. Before joining CIBC, he was Senior Vice President & Chief Human Resources Officer of Moody’s Corporation, parent of the credit rating agency Moody’s Investors Service, where he had also been the Country Managing Director from 2000 to 2006. His earlier experience includes work as a treasury executive and as a securitization and debt capital markets banker, all of which followed his start, first as an analyst and then a trader on a mortgage-backed securities trading desk.
Andrew serves on the Board of Directors of the Canada Deposit Insurance Corporation (CDIC). He holds an MBA from the Richard Ivey School of Business at Western University and a B.Sc. in Computer Science and Economics from Trinity College in the University of Toronto.
John McKenzie, Chief Executive Officer, TMX Group
John McKenzie is the Chief Executive Officer (CEO) of TMX Group.
Mr. McKenzie is a member of the TMX Group Board of Directors and also a member of the Board of Directors of several TMX Group subsidiaries.
Prior to his appointment as CEO on August 17, 2020, Mr. McKenzie served as TMX Group Chief Financial Officer and was responsible for corporate strategy, corporate development, investor relations and the financial management of the company as well as for the administrative oversight of TMX Group’s Capital Formation business.
Working with TMX for over 20 years, Mr. McKenzie’s career has included senior roles within Corporate Strategy and Development and Corporate Finance. He has led financial and strategic planning efforts and managed various TMX acquisitions, including the Maple transaction, the acquisitions of Montréal Exchange and Trayport, as well as the resulting integration initiatives.
From July 2015 to August 2016, he served as President of CDS, Canada’s equity and fixed income clearing house and a wholly-owned subsidiary of TMX Group. Prior to that he was the Chief Operating Officer (COO) and CFO of CDS.
Mr. McKenzie is a Chartered Professional Accountant (CPA, CMA) and has an MBA from Edinburgh Business School, Heriot-Watt University and an Honours BA from Wilfrid Laurier University. He has served on a number of boards, and currently is a member of The Accounting Standards Oversight Council.