Merrill Lynch sanctioned for alleged churning
FINRA has fined the firm and ordered restitution for early rollover recommendations
- By: James Langton
- June 25, 2021 June 25, 2021
- 12:48
Latest news in From the Regulators
IIROC sails through CSA review
An oversight examination has uncovered just one "low-priority" issue with market surveillance
- By: James Langton
- June 25, 2021 June 25, 2021
- 11:31
NSSC reduces IIROC sanctions
The regulator reduced penalties against an advisor after finding errors in the SRO's decision
- By: James Langton
- June 24, 2021 September 21, 2021
- 14:06
U.S. regulators eye rules as retail trading surges
FINRA reminded firms that order routing must seek best execution, not richest incentives, in a recent notice
- By: James Langton
- June 24, 2021 June 24, 2021
- 12:29
MFDA fines and bans rep who borrowed from a client
The client was repaid, but the funds used to repay the client came from a mysterious source
- By: James Langton
- June 23, 2021 June 23, 2021
- 17:53
CFRs won’t disrupt DSC sales ahead of ban
Regulators are granting relief from certain CFR requirements to allow DSC sales until a ban takes effect
- By: James Langton
- June 23, 2021 June 23, 2021
- 15:05
CSA takes national approach to crowdfunding
New rules increase maximum limits for issuers and investors
- By: James Langton
- June 23, 2021 June 23, 2021
- 12:51
Court rejects law firm’s request to represent retail investors in Bridging Finance case
A judge has given PwC 60 days to sort out funds' finances before appointing lawyers to represent investors
- By: James Langton
- June 23, 2021 December 23, 2021
- 11:39
Much wow! Dogecoin comes to regulated platform
The OSC has allowed Wealthsimple to expand its crypto lineup and ease client limits
- By: James Langton
- June 22, 2021 June 22, 2021
- 16:23
Clock is ticking on LIBOR, OSFI warns
The regulator says we're entering a "critical phase" in the transition to risk-free rates
- By: James Langton
- June 22, 2021 June 22, 2021
- 15:12
U.K. trader gets U.S. jail time
A trader has been sentenced for "spoofing" after being convicted by a Chicago jury
- By: James Langton
- June 22, 2021 June 22, 2021
- 14:04
FCA seeks better climate disclosure from asset managers, companies
Regulator proposes TCFD-aligned rules for asset owners and public companies alike
- By: James Langton
- June 22, 2021 June 22, 2021
- 13:44
OSC charges CannTrust directors, ex-CEO
The allegations stem from illegal cannabis production that was discovered in 2019
- By: James Langton
- June 22, 2021 June 22, 2021
- 13:29
OSC takes action against British Virgin Islands cryptocurrency company Bybit
The regulator ordered cryptoasset businesses to explain how their operations meet provincial securities standards
- By: The Canadian Press
- June 21, 2021 June 21, 2021
- 16:20
OSFI consults on revisions to insurers’ capital rules
Revisions to accommodate a new accounting standard are due in 2023
- By: James Langton
- June 21, 2021 June 21, 2021
- 16:14
Fraudsters face jail in US$150-million online scheme
Phony websites, offshore accounts were used to dupe banks and credit card companies
- By: James Langton
- June 21, 2021 June 21, 2021
- 13:41
SROs consult on CFR suitability guidance
The proposals are out for a 60-day comment period
- By: James Langton
- June 21, 2021 June 21, 2021
- 13:34
Court approves $100-million BMO class action settlement over FX fees
The legal team gets $20 million, and a former advisor turned plaintiff was awarded $50,000
- By: James Langton
- June 18, 2021 June 18, 2021
- 17:11
OSFI consults on bank capital rule reforms
Revisions to implement latest Basel III reforms on OTC derivative risk
- By: James Langton
- June 18, 2021 June 18, 2021
- 12:41
AMF enforcement leads to $5.5M in fines, increased investor reimbursement
The Quebec regulator achieved its objectives despite the pandemic
- By: Michelle Schriver
- June 17, 2021 June 17, 2021
- 17:27
BCSC settles with Crystal Wealth fund manager
Rep violated suitability obligations by investing clients in funds with risky holdings
- By: James Langton
- June 17, 2021 June 17, 2021
- 15:24
Despite volatility, investors falling for crypto: FCA
As crypto usage rises, suspicion is declining, research finds
- By: James Langton
- June 17, 2021 June 17, 2021
- 13:52
Strict capital rules on crypto good for banks: Moody’s
Proposals would protect banks and depositors from rising crypto risks
- By: James Langton
- June 17, 2021 June 17, 2021
- 12:23
OSFI to raise domestic stability buffer for big banks
The amount of capital the banks must hold to cover unexpected losses will rise to 2.5%
- By: The Canadian Press
- June 17, 2021 June 17, 2021
- 10:08
OSC seeks new commissioners
The commissioner job is set to change with a planned tribunal spinoff
- By: James Langton
- June 16, 2021 June 16, 2021
- 17:41