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
Latest news in From the Regulators
IAP hopes for major investor protection measures in 2017
The latest annual report from the OSC’s independent advisory group says the time has come to introduce a best interest standard and eliminate embedded commissions
- By: James Langton
- April 12, 2017 February 28, 2019
- 12:10
Former rep agrees to monetary sanctions and industry bans
Mark Steven Rotstein and his firm, Equilibrium Partners, admitted in OSC proceedings to trading without registration on behalf of clients
- By: James Langton
- April 11, 2017 February 28, 2019
- 14:05
FSB proposes framework for evaluating the impact of G20 regulatory reforms
Consultation paper sets out proposed processes and analytical approaches for evaluating the effects of the reforms
- By: James Langton
- April 11, 2017 February 28, 2019
- 13:40
U.K. making progress on affordable financial advice
FCA publishes proposed guidance on “streamlined” advice for clients
- By: James Langton
- April 11, 2017 February 28, 2019
- 11:15
IIROC fines Jitney Trade $200,000 in settlement
The brokerage firm admitted to violating the trading rules by failing to properly supervise a direct access client
- By: James Langton
- April 11, 2017 February 28, 2019
- 10:05
Victims’ vulnerability now a consideration in U.S. regulatory sanctions
The guidelines have also been revised to include sections relating to systemic supervisory failures, borrowing and lending arrangements and short interest reporting
- By: James Langton
- April 10, 2017 February 28, 2019
- 11:35
SEC charges companies, individuals with fraud allegations
The enforcement action is in connection with investment schemes that involved companies paying for deceptive, promotional articles touting their stocks
- By: James Langton
- April 10, 2017 February 28, 2019
- 11:05
IIAC recommends certain reforms for fighting financial crime
The group is also recommending various ways to help reduce the burden of complying with AML rules in a letter to Finance Canada
- By: James Langton
- April 10, 2017 February 15, 2019
- 10:10
Court rules in favour of firm against wealthy clients
The couple claimed to have lost $1.2 million as a result of poor advice from a TD Waterhouse advisor more than a decade ago
- By: Patricia Chisholm
- April 7, 2017 February 15, 2019
- 15:50
Two former Barclays traders acquitted in LIBOR case
The U.K.’s Serious Fraud Office other cases involving alleged LIBOR manipulation have resulted in one conviction by a jury and six acquittals
- By: James Langton
- April 7, 2017 February 15, 2019
- 13:45
OSC’s enforcement proceeding against MRS Sciences upheld by appeal court
It was reasonable to use two different panels to conduct the merits and sanctions hearings, the court found
- By: James Langton
- April 6, 2017 February 15, 2019
- 14:30
CSA recommends greater co-operation on cybersecurity
The investment industry’s informal approach to information sharing and communication works well, but improvements are needed, CSA report finds
- By: James Langton
- April 6, 2017 February 15, 2019
- 11:30
IIROC to prohibit advisors from serving as POAs, trustees or executors
The new rule, which takes effect Oct. 6, will bring IIROC in line with the approach the MFDA has recently adopted
- By: James Langton
- April 6, 2017 February 15, 2019
- 10:55
CSA aiming to reduce regulatory burden on issuers
New proposal explores allowing companies to report semi-annually rather than quarterly, and expanding their ability to distribute documents online
- By: James Langton
- April 6, 2017 February 15, 2019
- 10:40
Sentry to pay $1.5 milllion in settlement with OSC
The firm spent $2 million on a conference that violated the rules and included lavish gifts for reps, including Dom Perignon, jewelry and golf outings
- By: James Langton
- April 5, 2017 February 15, 2019
- 15:35
IE’s Regulatory Reporter: April 2017
A monthly update on recent regulatory events and upcoming deadlines
- By: Patricia Chisholm
- April 5, 2017 February 15, 2019
- 15:00
ESMA clarifies market structure issues under MiFID II
New guidance aims to ensure harmonized implementation of the new regime
- By: James Langton
- April 5, 2017 February 15, 2019
- 13:30
OSHA orders largest whistleblower award against Wells Fargo
A former manager must be reinstated and paid an award of US$5.4 million for being terminated after reporting suspected fraud at the U.S. bank
- By: James Langton
- April 5, 2017 February 15, 2019
- 13:05
U.S. DOL delays implementation of fiduciary rule
The obligation for advisors to provide retirement advice that puts clients’ best interests first will now kick in on June 10
- By: James Langton
- April 5, 2017 February 15, 2019
- 11:00
IIROC fines advisor $70,000 for unsuitable investment recommendations
The advisor employed a high-risk investment strategy, which ran counter to the client’s expressed objectives and parameters for risk tolerance
- By: Beatrice Paez
- April 4, 2017 February 15, 2019
- 15:25
CSA introduces proposed rules for OTC derivatives markets
The new regulatory regime would establish conduct rules similar to those for dealers in equities markets, but with unique measures
- By: James Langton
- April 4, 2017 February 15, 2019
- 11:25
IIROC bans and orders former registrant to pay almost $900,000
Jayanth Noronha engaged in off-book transactions, accepted compensation from the issuers, failed to disclose his conflict of interest and hid the misconduct
- By: James Langton
- April 3, 2017 February 15, 2019
- 13:50