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
Mark Steven Rotstein and his firm, Equilibrium Partners, admitted in OSC proceedings to trading without registration on behalf of clients
Consultation paper sets out proposed processes and analytical approaches for evaluating the effects of the reforms
FCA publishes proposed guidance on “streamlined” advice for clients
The brokerage firm admitted to violating the trading rules by failing to properly supervise a direct access client
The guidelines have also been revised to include sections relating to systemic supervisory failures, borrowing and lending arrangements and short interest reporting
The enforcement action is in connection with investment schemes that involved companies paying for deceptive, promotional articles touting their stocks
The group is also recommending various ways to help reduce the burden of complying with AML rules in a letter to Finance Canada
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
The U.K.’s Serious Fraud Office other cases involving alleged LIBOR manipulation have resulted in one conviction by a jury and six acquittals
It was reasonable to use two different panels to conduct the merits and sanctions hearings, the court found
The investment industry’s informal approach to information sharing and communication works well, but improvements are needed, CSA report finds
The new rule, which takes effect Oct. 6, will bring IIROC in line with the approach the MFDA has recently adopted
New proposal explores allowing companies to report semi-annually rather than quarterly, and expanding their ability to distribute documents online
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
A monthly update on recent regulatory events and upcoming deadlines
New guidance aims to ensure harmonized implementation of the new regime
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
The obligation for advisors to provide retirement advice that puts clients’ best interests first will now kick in on June 10
The advisor employed a high-risk investment strategy, which ran counter to the client’s expressed objectives and parameters for risk tolerance
The new regulatory regime would establish conduct rules similar to those for dealers in equities markets, but with unique measures
Jayanth Noronha engaged in off-book transactions, accepted compensation from the issuers, failed to disclose his conflict of interest and hid the misconduct
This week’s hearing stems from allegations Sentry violated the sales practices rules when it held a mutual fund conference in California