OSC alleges fraud at Toronto fund manager
Firm ignored clients' investment limits to prop up failing penny stock, regulator alleges
- By: James Langton
- December 18, 2020 December 18, 2020
- 14:53
Latest news in From the Regulators
Whistleblower receives award despite involvement in fraud
SEC also awards whistleblower who initially tipped off their lawyer
- By: James Langton
- December 18, 2020 December 18, 2020
- 14:48
Hedge fund founders face OSC charges
The regulator alleges that the founders diverted money raised for the fund to other purposes
- By: James Langton
- December 18, 2020 December 18, 2020
- 11:00
Bond trader who duped clients avoids jail time
Former Nomura trader gets probation for 2017 conspiracy conviction
- By: James Langton
- December 18, 2020 December 18, 2020
- 08:43
IIROC to scrap fee premium for “risky” firms
Extra fees didn't do much to alter behaviour, the SRO found
- By: James Langton
- December 17, 2020 December 17, 2020
- 15:24
There really is no such thing as a free lunch, even with online trading
SEC says "free" trading cost customers US$34 million in poor pricing
- By: James Langton
- December 17, 2020 December 17, 2020
- 13:25
North American task force tackles pandemic scams
NASAA reports that regulators have uncovered 262 Covid-19 schemes
- By: James Langton
- December 17, 2020 December 17, 2020
- 13:06
FCA gives crypto firms an ultimatum
The U.K. regulator calls on investors to abandon firms that aren't already seeking registration
- By: James Langton
- December 16, 2020 December 16, 2020
- 15:01
Prior to the pandemic, shadow banking was surging
The sector now accounts for almost half of global financial assets
- By: James Langton
- December 16, 2020 December 16, 2020
- 14:51
OSC alleges Bloomberg subsidiaries operated without registration or exemption
The two firms failed to receive approval before providing institutional investors with trading access
- By: James Langton
- December 16, 2020 December 16, 2020
- 14:31
OSC stays SRO sanctions, pending review
Risk of harm to disciplined rep outweighs risk to public, regulator finds
- By: James Langton
- December 16, 2020 December 16, 2020
- 09:13
As anxieties grow over CERB notices, Qualtrough says no requirement to repay now
The CRA has sent more than 441,000 letters asking CERB recipients to verify they met eligibility rules
- By: Jordan Press
- December 15, 2020 December 15, 2020
- 17:07
Banks, insurers land court approval to host virtual AGMs in 2021
The companies obtained a similar joint court order in March
- By: The Canadian Press
- December 15, 2020 December 15, 2020
- 15:23
IIROC plans biz continuity test in 2021
Biennial exercise will be coordinated with U.S. industry test
- By: James Langton
- December 15, 2020 December 15, 2020
- 14:53
SEC warns about rise in investment scams
There's proliferation of pandemic pump-and-dumps, Ponzi schemes and phoney deposits
- By: James Langton
- December 15, 2020 December 15, 2020
- 13:47
FCA slaps Barclays over poor treatment of struggling clients
The bank was fined £26 million and paid £273 million in redress to customers
- By: James Langton
- December 15, 2020 December 15, 2020
- 13:34
CRA provides new rules for claiming home office expenses
There's a temporary flat-rate method for up to $400, and a simplified "detailed" method with a new Form T2200S
- By: Rudy Mezzetta
- December 15, 2020 December 15, 2020
- 12:52
OSFI to consider special dividend requests
Too soon to relax curbs on regular dividends, but special distributions may fly
- By: James Langton
- December 15, 2020 December 15, 2020
- 09:32
Even auditors can get whistleblower awards once in a while
SEC makes exception from ban on payouts for compliance staff
- By: James Langton
- December 14, 2020 December 14, 2020
- 14:45
Fed to weigh further options for aiding U.S. economy in peril
Congress has yet to agree on another round of urgently needed financial aid
- By: Christopher Rugaber, The Associated Press
- December 14, 2020 December 14, 2020
- 13:02
Institutional, management failures enabled massive privacy breach at Desjardins: AMF
The firm failed to adopt recommendations from regulator, internal auditors
- By: James Langton
- December 14, 2020 December 14, 2020
- 11:57
FSRA names new CEO for troubled PACE
The Ontario regulator resumed oversight of the embattled credit union last month
- By: James Langton
- December 14, 2020 December 14, 2020
- 11:15
U.K. courts grapple with Covid-19 insurance claims
FCA consults on guidance for insurers and clients, as the U.K. Supreme Court considers policy interpretations
- By: James Langton
- December 11, 2020 December 11, 2020
- 15:18
Court restores IIROC disciplinary decision
A New Brunswick court has overturned a tribunal's finding that an IIROC proceeding was unfair
- By: James Langton
- December 11, 2020 December 11, 2020
- 14:42
Madoff victims get more money back
Latest payout brings investor recovery from massive Ponzi scheme to over 80%
- By: James Langton
- December 11, 2020 December 11, 2020
- 14:40