Massive microcap fraud scheme run from Canada, SEC says
The alleged schemes generated over US$1 billion in penny stock sales
- By: James Langton
- August 9, 2021 August 9, 2021
- 15:53
Latest news in From the Regulators
More than US$3.5M awarded to three whistleblowers
The SEC has given out approximately US$950 million to 193 whistleblowers since 2012
- By: IE Staff
- August 6, 2021 August 6, 2021
- 15:17
SEC orders US$13M in disgorgement, penalties in first decentralized finance case
Two men from Florida agreed to the penalties without admitting or denying the charges
- By: IE Staff
- August 6, 2021 August 6, 2021
- 13:38
Two firms refused to compensate clients last year, report says
OBSI’s Joint Regulators Committee said client compensation has fallen $1.3 million short of the recommended payout over three years
- By: Mark Burgess
- August 6, 2021 August 6, 2021
- 13:05
FSRA guidance on mortgage sector code takes effect
The Ontario regulator said it will consider adherence to the code when assessing suitability for licensing
- By: IE Staff
- August 5, 2021 August 5, 2021
- 12:15
Government advisory group on open banking wants new rules in place by 2023
The report said technology has outstripped regulation in a rapidly changing financial services industry
- By: Ian Bickis
- August 5, 2021 August 5, 2021
- 11:27
Plan for new SRO gets positive reviews from advocates, industry
The CSA's plan received broad support, but there's plenty of work to do on the details
- By: Michelle Schriver
- August 4, 2021 August 4, 2021
- 15:47
Highest proportion of at-home workers are in finance, insurance
Industry and firm size are key factors in the ability to work from home, StatsCan says
- By: IE Staff
- August 4, 2021 August 4, 2021
- 11:39
Advocates hopeful new federal disability benefit could improve access
The Liberal government's proposed Canada Disability Benefit would be modelled on the guaranteed income supplement
- By: Rudy Mezzetta
- August 3, 2021 August 16, 2021
- 15:37
Insurers’ supervision of MGAs falls short, Ontario regulator says
FSRA releases findings from a review and outlines next steps
- By: IE Staff
- July 29, 2021 July 29, 2021
- 15:27
BoC appoints director of retail payments supervision
The position supports a new mandate of the central bank
- By: IE Staff
- July 29, 2021 July 29, 2021
- 12:11
CSA proposes streamlined capital raising
The proposal would allow eligible issuers to raise up to $10 million annually
- By: IE Staff
- July 28, 2021 July 28, 2021
- 15:04
IIROC’s client identifier requirements take full effect
The measures enhance market monitoring and investigations
- By: IE Staff
- July 28, 2021 July 28, 2021
- 13:34
FSRA issues guidance for pension plan administrators
The guidance details administrators' fiduciary duties, including addressing conflicts
- By: IE Staff
- July 28, 2021 July 28, 2021
- 12:56
Investment fund charges should be included in fee summaries: report
A report for the MFDA uses behavioural insights to recommend expanded cost reporting
- By: Mark Burgess
- July 26, 2021 July 26, 2021
- 15:48
MFDA unmasks performance reporting issues
SRO review finds a variety of reasons for botched return calculations
- By: James Langton
- July 26, 2021 July 26, 2021
- 12:15
MFDA’s new CE regime to launch in the fall
Fund dealers' first CE cycle to kick off on Dec. 1
- By: James Langton
- July 23, 2021 July 23, 2021
- 12:54
PwC denies report of potential Bridging Finance sale
The receiver plans to file materials next week seeking court approval for a sale process
- By: James Langton
- July 23, 2021 December 23, 2021
- 12:31
FSRA proposes fees for title regulation
The model sets out how costs will be shared among credentialing bodies
- By: James Langton
- July 22, 2021 July 22, 2021
- 16:10
Fight over Bridging Finance evidence brewing
The OSC is gearing up to oppose claims of improper disclosure
- By: James Langton
- July 22, 2021 December 23, 2021
- 13:14
ASIC puts cold calling on ice
Inquest into industry misconduct leads to "anti-hawking" reforms
- By: James Langton
- July 21, 2021 July 21, 2021
- 12:43
Financial market plumbing not prepared for quick recovery, regs warn
A review found a lack of timely recovery plans, leading to a "serious concern"
- By: James Langton
- July 21, 2021 July 21, 2021
- 12:38
OSC seeks technical expertise on fund regulation
Senior industry compliance and operations experts are wanted for a regulatory advisory committee
- By: James Langton
- July 21, 2021 July 21, 2021
- 12:25
Basel Committee proposes change to G-SIB assessments
Regulators seek to scrap three-year review for ongoing monitoring
- By: James Langton
- July 20, 2021 July 20, 2021
- 14:42
FCA issues anti-greenwashing guidance
The U.K. regulator found the quality of asset managers' ESG fund disclosure to be poor
- By: James Langton
- July 19, 2021 July 19, 2021
- 15:16