Latest news in From the Regulators

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FSRA to leave limits on life sector incentives

Amid concerns about consumer harm, the regulator has backed away from a plan to allow incentives

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Paying cash for enforcement tips is a success: OSC

The regulator's whistleblower program has generated hundreds of tips and paid out millions in rewards

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Regulators plead for more clarity on crypto rules

A pair of SEC commissioners criticized the lack of guidance regarding the regulator's approach to digital assets

gavel

SEC sanctions players in SPAC deal

The regulator alleged that investors were misled by a shell company and its acquisition target

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Pension giant settles with SEC, New York AG

The firm pushed advisors to recommend higher-cost managed accounts to clients

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Pandemic exposed cracks in global financial system

Further reforms may be needed to address vulnerabilities revealed under extreme market stress

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There’s still no such thing as a free lunch, regulators warn

Zero-commission trading isn't free, it comes with hidden costs, ESMA says

compliance

Rep sanctioned over needless DSC sale

A client eligible for no-loads funds was instead sold a DSC fund to boost the rep's compensation

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Ex-Bridging Finance CEO seeks to upend OSC investigation

David Sharpe alleges the regulator improperly disclosed evidence obtained in compelled testimony

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B.C. to launch single regulator for financial sector on Aug. 1

Real estate regulators to be rolled into BCFSA

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TheBull sold inside info on the dark web, U.S. authorities allege

Man charged for allegedly selling brokerage data, unreleased earnings info in shadowy online markets

Justice scales and gavel by books

Trio traded ahead of a company’s pivot to blockchain, SEC alleges

The regulator says insider trading was conducted before Long Island Iced Tea Co.'s conversion to a crypto company

cryptocurrency

FINRA seeks insight on brokers’ crypto dealings

Firms are being asked to keep the SRO informed of plans involving digital assets

Many hands choosing cryptocurrency coins from box labeled ICO

Cooperation needed for cross-border CBDCs

Central bank crypto offers a fresh start on designing efficient payments systems

cannabis plant

OSC levels fraud charges against pot company CEO

The regulator alleges investor funds were diverted for personal use

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Proposed investor settlement reached in PACE case

The proposed $40-million deal requires approval at a July 30 court hearing

Block letters spelling fraud, with magnifying glass

Crypto fraudsman gets U.S. jail time

Online scheme took over US$16 million from investors in 45 countries

gavel

OSC settles with offshore CFD platform

After a warning from regulators in Australia, the platform allegedly shifted investors to its Cayman Islands affiliate

gavel

IIROC fines former advisor $150K for excessive trading, client borrowing

Misguided faith in tactical trading strategy led to the violations

gavel

Fund rep sanctioned over fake account scheme

The former mutual fund representative opened fake accounts to score new client bonuses from TD Bank

diversity

Regulators get serious about financial sector diversity

The CSA will hold consultations on enhancing diversity while the U.K. considers targets, pay links and enforcement

usiness investment opportunities on a global scale

Addressing climate risks in the financial sector requires coordinated effort: FSB

The global policy group is calling for greater coordination to enhance environmental risk disclosure

Parliament buildings on a sunny day

Pay equity law to come into effect Aug. 31

The legislation is meant to help women get fair compensation from federally regulated employers

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When Covid-19 hit, the Basel III reforms paid off

Measures to boost banks' capital levels helped cushion the fallout from the pandemic

female advisor with laptop

As fund firms give themselves top marks, regulators cringe

An FCA review has found fund managers' self-assessments are sadly lacking