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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”

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All Group’s IIROC membership terminated

The firm, which has been suspended since January 2017, held no client assets and was deemed “effectively insolvent”

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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

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…

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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…

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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

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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

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CDS seeks revisions to governance arrangements

The clearing and settlement agency is looking to expand the pool of potential directors for its board

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Canada meets global standards: Report

International banking and securities regulators say Canada’s financial infrastructure generally complies with beefed-up principles

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Wells Fargo to pay US$2.1 billion for role in housing bubble

Wells Fargo was one of the last remaining U.S. big banks to settle charges related to its role in the subprime mortgage crisis

  • By: Ken Sweet
  • August 1, 2018 August 1, 2018
  • 15:01
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CSA names research team to conduct pilot study of trading fees and rebates

The three academics will determine the design of the pilot study using the U.S SEC’s proposed transaction fee pilot as a basis

  • By: IE Staff
  • August 1, 2018 August 1, 2018
  • 11:30
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CSA warns of unauthorized access to database

A former contractor accessed personal and business information electronically on the web-based system registrants use to file information with regulators

  • By: IE Staff
  • July 27, 2018 July 27, 2018
  • 19:20
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BCSC secures order for sale of Hawaiian property owned by fraudster

Fraud victims of David Michaels to benefit from proceeds of the sale

  • By: IE Staff
  • July 27, 2018 July 27, 2018
  • 14:10
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IIROC proposes changes to discount brokerage requirements

The self-regulatory organization aims to improve its surveillance capability

  • By: IE Staff
  • July 27, 2018 July 29, 2018
  • 12:45
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OSC study suggests methods to encourage retirement planning

New report explores the main challenges people experience in creating a retirement plan and offers low-cost interventions to make the process easier

  • By: IE Staff
  • July 27, 2018 July 27, 2018
  • 11:15
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CSA confirms its approach to director independence

Stakeholders expressed “general support” during consultation

  • July 26, 2018 July 26, 2018
  • 11:45
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Industry divided on expanding cost reporting

The Investment Industry of Canada’s resistance to expanded investment fund cost reporting runs counter to the views of the Investment Funds Institute of Canada

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Former mutual fund rep agrees to conditions to regain registration

Terms and conditions proposed by settlement agreement provide a means to detect or prevent future misconduct

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CSA streamlines exempt market reporting requirements

New revisions address complaints from institutional investors and foreign investment dealers

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CSA highlights common deficiencies in continuous disclosure

Issuers’ use of non-GAAP financial measures remains an area of focus

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SEC consults on ways to modernize equity compensation arrangements

U.S. regulator adopts rules to enhance transparency and oversight of alternative trading systems

UK CMA proposes pension investment reforms

The proposed reforms aim to increase competition in investment consultancy and fiduciary management sector

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FSB consults on effects of reforms on global infrastructure finance

The overall amount of infrastructure finance has grown in recent years after a temporary drop during the financial crisis, report finds

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BCSC panel rules on IIROC panel decision

The case against Vancouver advisor Albert Tassone returns to an IIROC hearing panel

Stock market quotes

TSX, New York markets finish higher in trade tension lull

Loonie slips