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
Latest news in From the Regulators
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
Issuers making use of rights-offering exemption: CSA
Rights-offering exemption is allowing issuers to raise more capital in a shorter time
- By: James Langton
- April 20, 2017 February 28, 2019
- 15:15
OSC proposes new set of procedural rules and guidelines
The changes to the current rules “have been simplified to improve fairness and accessibility, particularly for a broad range of respondents”
- By: James Langton
- April 20, 2017 February 28, 2019
- 10:40
Canada’s big banks to face new disclosure requirements
The rules, which come into place next year, are part of the global reform effort following the global financial crisis
- By: James Langton
- April 20, 2017 February 28, 2019
- 10:25
European regulators identify key risks to financial system
A new report points to a “protracted period of low profitability” for banks and the difficulties faced by insurers as major risks
- By: James Langton
- April 20, 2017 February 28, 2019
- 09:55
FINRA seniors’ hotline leads to US$4.3 million in reimbursements
The helpline has also led to almost 650 issues being referred to other regulators, the U.S. SRO reports
- By: James Langton
- April 20, 2017 February 28, 2019
- 09:30
AMF introduces new committee focused on investment funds
The committee will provide the regulator with feedback on emerging issues and the regulatory framework for investment products
- By: James Langton
- April 20, 2017 February 28, 2019
- 09:20
OSC accuses Home Capital, execs of misleading disclosure
The regulator alleges that the firm misled shareholders about the causes of the decline in mortgage originations, which were related to fraud among certain mortgage…
- By: James Langton
- April 19, 2017 February 28, 2019
- 19:30
Woman to pay BCSC $3 million in fraud settlement
Virginia Tan admitted that she fraudulently raised at least $30 million from investors
- By: James Langton
- April 19, 2017 February 28, 2019
- 14:00
Overall enforcement activity at IIROC rises in 2016
However, the number of cases against firms declined
- By: James Langton
- April 19, 2017 February 28, 2019
- 12:30
Federal watchdog eyes fintech, big data
Competition Bureau invites public comment on 2017-18 priorities and objectives
- By: James Langton
- April 19, 2017 February 28, 2019
- 11:30
Mastermind of a fraudulent investment scheme convicted
James Harvey Cameron was found guilty of fraud and tax evasion for his role in an illegal RRSP scheme that diverted investors’ funds
- By: James Langton
- April 19, 2017 February 28, 2019
- 11:00
Former missing advisor facing fraud charges appears in Victoria court
Harold Backer had his case adjourned to May 2
- By: The Canadian Press
- April 19, 2017 February 28, 2019
- 06:30
OSC accepts settlement related to Amaya insider trading case
Former Aston Hill Asset Management exec has been banned from trading for two years and will pay a total of $11,000 for his role in…
- By: James Langton
- April 18, 2017 February 28, 2019
- 09:40
Former “missing” advisor facing fraud charges to appear in Victoria court today
Financial crime investigators began looking into Harold Backer and the company My Financial Backer Corp. after his investors received concerning letters
- By: The Canadian Press
- April 18, 2017 February 28, 2019
- 06:30
Manitoba regulators warn of potential Ponzi scheme
Offshore diamond distribution company recruiting investors
- By: James Langton
- April 17, 2017 February 28, 2019
- 09:30
Missing advisor under investigation turns himself in to Victoria police
Investia Financial Services Inc. terminated Harold Backer’s licence after his disappearance in 2015
- By: The Canadian Press
- April 14, 2017 February 28, 2019
- 17:30
Quebec court revokes insider trading settlement
The decision marks the first time an appellate court in Canada has revoked a voluntary settlement
- By: Patricia Chisholm
- April 13, 2017 February 28, 2019
- 14:00
Certain types of advertising can lead to poor investor choices
Ads that play on consumers’ emotions may drive them to action without much thought, new FCA paper finds
- By: James Langton
- April 13, 2017 February 28, 2019
- 13:25
IAP calls on regulators to eliminate embedded compensation
The independent advisory group that represents investor interests at the OSC is calling for policy reform, enforcement action and a new best interest standard
- By: James Langton
- April 13, 2017 February 28, 2019
- 09:50
OSC to hold hearing into Amaya insider trading scandal
A portfolio manager, various executives and an advisor are alleged to have traded on information that was subject to a non-disclosure agreement
- By: James Langton
- April 12, 2017 February 28, 2019
- 16:00
Receiver appointed to distribute more than $10 million to investors
Grant Thornton to administer distribution of frozen funds in Bossteam fraud case
- By: James Langton
- April 12, 2017 February 28, 2019
- 14:50
FINRA requests comment on capital-raising rules
Additional proposals include updates to rules on underwriting arrangements
- By: James Langton
- April 12, 2017 February 28, 2019
- 13:15