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Here are the top reads on deals and financial services over the last 24 hours,

Cannabis: With marijuana legalization only four months away, Bank of Montreal is elevating its exposure to the cannabis sector, dealing a potential blow to profits at Bay Street’s independent firms. Story (Tim Kiladze, for subscribers)

Lawyers: A second investment fund manager may be held responsible for do-it-yourself investors being charged millions of dollars in fees for advice they are not receiving, as a proposed class action is filed against Scotiabank’s investment management divisions. Story (Clare O’Hara)

Pension funds: Ontario Teachers’ Pension Plan is tapping two leaders from inside the fund to chart the course for its $189.5-billion portfolio. Ziad Hindo will step into the role of chief investment officer to oversee the fund’s overall investment direction, as well as the development of Teachers external relationships. Mr. Hindo joined the fund in 2000 and was most recently head of the capital markets group. Story (Jacqueline Nelson, for subscribers)

MORE FINANCIAL SERVICES NEWS

Security: The Royal Bank of Canada says it will invest $2-million into cybersecurity research at Ben-Gurion University in Israel, a renowned global cybersecurity hub with a deep pool of talent from academic and military backgrounds. Story

MORE DEALS NEWS

Tech sector: Shopify has announced that it has acquired Return Magic, which builds item return software for 2,500 Shopify merchants. BetaKit

WHAT WE’RE READING ELSEWHERE

New markets: Ever been vacationing in Paris and found yourself wishing you could ride an electric scooter down the Champs-Élysées? Well, now your dream can become a reality: Dockless bike and scooter startup Lime has launched a fleet of e-scooters in Paris, the first move in a much larger international expansion that will see the company enter at least 25 new markets by year’s end. PitchBook

Angels: U.S.-based startup investment platform AngelList will bring its Angel Funds service to Canada this week, BetaKit has learned. BetaKit

Charges: The U.S. government on Tuesday criminally charged a Standard & Poor’s credit ratings analyst and two friends, all from Manhattan, with insider trading related to Sherwin-Williams Co’s US$9.3 billion purchase of Valspar Corp. Reuters

Wall Street’s newest hot commodity is a US$185 sandwich: Don Wagyu, the first restaurant in New York devoted solely to Wagyu beef sandwiches, is located on South William Street in Manhattan’s Financial District, a five-minute walk from the New York Stock Exchange. Bloomberg

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