Latest news in From the Regulators

angry client meeting

Regulators seek radical transparency for fund fees

CSA, CCIR propose new cost reporting requirements for investment and seg funds

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OSC seeks ban for Ponzi schemer

ASC banned convicted forex fraudster earlier this year

paper with words anti-money laundering

Crowdfunding, payment platforms face new KYC rules

FINTRAC says platforms must register, comply with anti-money laundering regulations

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Investor Bill Hwang, once worth billions, indicted on fraud

Hwang owned a New York–based hedge fund that collapsed when it defaulted on margin calls

compliance puzzle

As CFRs loom, some still struggle with CRM2

BCSC compliance reviews find CRM2 failings alongside registration and marketing gaffes

rules and regulations

Ontario’s regulators set their agendas

Advisor titles remain a concern for provincial securities authorities

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Alterna emerges as new home for PACE assets

FSRA strikes deal for core assets of troubled firm

Close-up of British bank notes

Fintechs failing at financial crime prevention, FCA finds

Crime controls, client checks deficient at "challenger" banks, the British bank regulator warns

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OSFI releases risk outlook of financial system

Cyberattacks, cryptoassets, housing and corporate debt are among the critical issues addressed

  • By: IE Staff
  • April 21, 2022 April 21, 2022
  • 16:21
compliance solutions rubber stamp

FSRA to approve more credentialing bodies soon

The Ontario regulator provided implementation details on title protection

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Court upholds pension plan’s move to boost retirement age

B.C. Supreme Court rejects challenge to trustees' solvency fix

Wall street sign in New York with American flags and New York Stock Exchange background.

FINRA flags liquid alt concerns

Sales practices, supervisory issues dog alt fund sales, says the United States Financial Industry Regulatory Authority

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FCA sets board, executive diversity targets

British public companies would have to "comply or explain" under proposed gender, ethnicity goals

Judge gavel, scales of justice and law books in court

Canadians charged in US$100-million scam

Long-running series of pump and dumps targeted retail investors, U.S. authorities allege

gavel

Court upholds SROs’ ability to enforce decisions

Ontario judge sides with MFDA in attempt to collect sanctions

gavel

Analyst gets jail time for front running

Scheme to trade ahead of client orders generated US$8.5 million in illicit gains

stock exchange

Ex-rep sanctioned for off-book dealings

Broker admitted to violating IIROC rules in connection with an undisclosed payment

Territorial defense exercises amid the threat of a Russian military invasion of Ukraine. Military exercises for civilians in Kyiv, Ukraine

Recovery threatened by Russian invasion: EU regulators

The economic consequences of Russia's invasion of Ukraine is aggravating an array of existing risks, the ESMA, EBA and EIOPA warn in a joint report

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Court overturns BCSC asset freeze order

Regulator must provide evidence of likely penalty before granting asset preservation orders

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OSC sanctions unregistered mortgage investments

Firm, directors settled allegations of securities violations

gavel

Goldman banker convicted in 1MDB scandal

U.S. federal jury finds ex-banker guilty on corruption, money laundering charges

Business and financial report with laptop Accounting economic

CSA seeks “access equals delivery” for most filings

Proposed regime would apply to prospectuses and financials but not proxies

Judge gavel, scales of justice and law books in court

IIROC fines CIBC World Markets $150K for trading supervision failures

The investment dealer failed to identify and review suspicious trader activity

  • By: IE Staff
  • April 7, 2022 April 7, 2022
  • 11:45
papers on a desk

SRO merger on track for 2022

Interim rules coming in May, with new CEO, board to be named in Q2

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

U.S. exec sentenced in Calgary firm’s accounting fraud

Admitted fraudster gets jail time, ordered to pay restitution