IIROC fines BBS Securities for violating discount brokerage rules
The conduct of Virtual Brokers amounted to a recommendation, which discount brokers and prohibited from providing
- By: James Langton
- August 15, 2018 November 13, 2019
- 15:45
Latest news in From the Regulators
OSFI announces compliance deadlines for bank word restrictions
Amendments will permit regulated non-bank institutions to use “generic bank terms”
- By: James Langton
- August 14, 2018 November 13, 2019
- 16:30
MFDA bans former missing advisor
Harold Backer induced clients to invest in non-existent mutual funds
- By: James Langton
- August 13, 2018 November 13, 2019
- 17:40
“Global sandbox” sets stage for cross-border fintech activity
Laggard banks will likely face increased competition
- By: James Langton
- August 13, 2018 November 13, 2019
- 12:30
AMF to host roundtable on proposed OTC oversight regime
The new business conduct regime would set out certain requirements for those dealing in the derivatives market
- By: James Langton
- August 10, 2018 November 13, 2019
- 10:56
OSFI proposes revisions to disclosure requirements
The proposals following the latest changes to the banks’ leverage and capital requirements
- By: James Langton
- August 10, 2018 November 13, 2019
- 10:46
ASC takes aim at renowned short-seller
The regulator alleges Marc Cohodes made misleading claims about Badger Daylighting Ltd. while shorting its stock
- By: James Langton
- August 9, 2018 November 13, 2019
- 16:58
IIROC fines advisor $150,000 for failing to prioritize clients’ interests
David Gary Durno implemented an active trading strategy for two senior clients that “generated large commissions for himself and his firm but reduced client profits”
- By: James Langton
- August 9, 2018 November 13, 2019
- 15:28
Aequitas seeks to allow trading in foreign-listed structured products
Canadian investors don’t have easy access to these products, nor do they have much price transparency, the exchange says
- By: James Langton
- August 9, 2018 November 13, 2019
- 12:10
CCPs increasingly important to global financial system: report
The report finds a high level of concentration at a small number of CCPs
- By: James Langton
- August 9, 2018 November 13, 2019
- 11:04
OSFI to introduce new requirements for mortgage insurers
The new rules consolidate the existing capital treatments, introduce new credit risk capital charges and include updated credit risk factors for securitized assets
- By: James Langton
- August 9, 2018 November 13, 2019
- 10:50
New York’s new cybersecurity regulations come into effect Sept. 4
Banks, insurers and other financial services firms will have to comply with certain provisions of the new cybersecurity rules
- By: James Langton
- August 8, 2018 November 13, 2019
- 17:03
BCSC orders $8.6 million in penalties in fraud case
Investors bilked of more than $5 million in investment scheme to finance two start-up companies
- By: James Langton
- August 8, 2018 November 13, 2019
- 14:49
U.S. congressman charged in insider trading scandal
Republican congressman Christopher Collins of New York, his son and others were arrested for their roles in an alleged insider trading conspiracy
- By: James Langton
- August 8, 2018 November 13, 2019
- 13:43
Insurance advisor suspended for failure to “act in the best interests of the client”
The advisor borrowed money from a client, representing “breaches of duties which lie at the very root of the agent-client relationship”
- By: James Langton
- August 8, 2018 November 13, 2019
- 11:00
All Group’s IIROC membership terminated
The firm, which has been suspended since January 2017, held no client assets and was deemed “effectively insolvent”
- By: James Langton
- August 8, 2018 November 13, 2019
- 09:25
Global regulators seek input on OTC reforms
New report suggests OTC derivatives markets have evolved in line with the objective of promoting central clearing in a bid to curb systemic risk
- By: James Langton
- August 7, 2018 November 13, 2019
- 15:26
ASC warns about potential investment scheme
The investor alert about investoneforme notes that there are certain “red flags” — and that the company is not registered to sell securities or derivatives…
- By: James Langton
- August 7, 2018 November 13, 2019
- 12:53
Regulators to create “global sandbox”
The new initiative from the global group, which includes the OSC and the AMF, aims to enable innovation in financial services across borders more quickly…
- By: James Langton
- August 7, 2018 November 13, 2019
- 11:21
BCSC alleges companies, founders of operating Ponzi scheme
Millions of dollars were raised from investors on promises of generating returns of between 5% and 30% for investments of between one and six months
- By: James Langton
- August 3, 2018 November 13, 2019
- 15:26
IOSCO calls for greater use of volatility control mechanisms
The group of regulators has been developing recommendations on mechanisms to manage episodes of extreme volatility
- By: James Langton
- August 2, 2018 November 13, 2019
- 16:30
CDS seeks revisions to governance arrangements
The clearing and settlement agency is looking to expand the pool of potential directors for its board
- By: James Langton
- August 2, 2018 November 13, 2019
- 16:08
Canada meets global standards: Report
International banking and securities regulators say Canada’s financial infrastructure generally complies with beefed-up principles
- By: James Langton
- August 2, 2018 November 13, 2019
- 10:20