U.S. regulators announce compliance forum
The SEC and FINRA will hold their national compliance outreach program on July 27
- By: James Langton
- May 3, 2017 March 1, 2019
- 14:15
Latest news in From the Regulators
Will new national regulator attract holdout provinces?
The chief regulator of the proposed CMRA believes Alberta, Quebec and other provinces will consider joining the initiative once it proves successful
- By: Patricia Chisholm
- May 3, 2017 March 1, 2019
- 13:40
Australian report outlines whistleblower program’s strengths and weaknesses
The ASIC calls on the financial industry to heed the results of new academic research into effective whistleblowing.
- By: James Langton
- May 3, 2017 March 1, 2019
- 11:50
Advisor suspended and fined for making unsuitable recommendations
An elderly couple in their 60s lost a significant amount of money because the advisor applied a strategy that was inconsistent with the clients’ objectives
- By: Beatrice Paez
- May 2, 2017 February 28, 2019
- 16:00
Whistleblower award of more than US$500,000 for company insider: SEC
Employee reported “hard-to-detect” breaches of securities laws
- By: James Langton
- May 2, 2017 February 28, 2019
- 11:55
Competition Bureau calls for greater collaboration in fintech
Regulators have a big job to do in creating a supportive and responsible environment for innovation in fintech, new report suggests
- By: James Langton
- May 1, 2017 February 28, 2019
- 15:00
ASC, OSC suspend Walton Capital Management
The firm consented to the suspension and is prohibited from providing advice and selling securities to investors
- By: James Langton
- May 1, 2017 February 28, 2019
- 09:25
Report calls for ending gaps and overlaps in oversight
Peer review recommendations aim to improve corporate governance of financial institutions
- By: James Langton
- April 28, 2017 February 28, 2019
- 12:00
IIROC proposes changes to CE program
Switch to a shorter, two-year cycle and reduced credit requirements among proposals
- By: James Langton
- April 28, 2017 February 28, 2019
- 09:50
AMF creates fintech lab
Quebec regulator signs partnership with R3
- By: James Langton
- April 27, 2017 February 28, 2019
- 13:00
CSA outlines steps to support transition to T+2
The transition to a shorter settlement cycle is consistent with the U.S.
- By: James Langton
- April 27, 2017 February 28, 2019
- 11:50
IIROC increasing scrutiny of payout grids
Review of compensation-related conflicts reveals that disclosure alone is not sufficient
- By: James Langton
- April 27, 2017 February 28, 2019
- 11:15
Financial Choice Act would reverse investor protections, NASAA says
The legislation would weaken reforms put in place by the Dodd-Frank Act in response to the financial crisis
- By: James Langton
- April 26, 2017 February 28, 2019
- 15:15
Payment protection insurance key point of complaint for U.K. clients
The product drew the most complaints and accounted for the majority of redress paid to consumers in the second half of 2016, the FCA reports
- By: James Langton
- April 26, 2017 February 28, 2019
- 15:05
CSA proposes formal ban of binary options trading schemes
The proposal of an explicit ban on binary options doesn’t imply that current offerings of binary options in Canada are legal, the CSA states
- By: James Langton
- April 26, 2017 February 28, 2019
- 10:50
SEC hands US$4-million reward to whistleblower
The tipster informed the regulator of securities violations and helped the SEC in its subsequent investigation
- By: James Langton
- April 25, 2017 February 28, 2019
- 15:30
CSA mulls oversight requirements for foreign audit firms
The Canadian Public Accountability Board has expressed concern regarding denied access to inspect audit work performed in a foreign jurisdiction
- By: James Langton
- April 25, 2017 February 28, 2019
- 10:50
Basel III progress uneven: report
Countries report challenges in implementing new disclosure requirements
- By: James Langton
- April 25, 2017 February 28, 2019
- 10:40
Capital markets not a place for second chances, OSC lawyers tell Drabinsky hearing
The regulator is seeking to ban Garth Drabinksy, ho defrauded investors of an estimated $500 million, from acting as a director or officer of a…
- By: Aleksandra Sagan
- April 25, 2017 February 28, 2019
- 06:25
MFDA enforcement activity surges on signature falsification
There has been an increase in notices of hearings and bulk track cases because firms’ compliance departments have improved their detection and reporting of non-compliance
- By: Rudy Mezzetta
- April 24, 2017 February 28, 2019
- 16:40
Pro-Financial breached securities laws, OSC panel finds
The breaches include numerous administrative, accounting, compliance and oversight failures
- By: James Langton
- April 24, 2017 February 28, 2019
- 15:30
IIROC suspends, fines advisor $120,000
Jamie Peter Yaskiw failed to know his clients, neglected to ensure suitable recommendations and engaged in discretionary trading without consent
- By: Beatrice Paez
- April 21, 2017 February 28, 2019
- 11:40
U.S. Fed sanctions Deutsche Bank US$156.6 million
The bank was fined US$136.9 million for deficiencies in its oversight of FX traders and US$19.7-million fine for “gaps” in its compliance program for the…
- By: Beatrice Paez
- April 21, 2017 February 28, 2019
- 10:40