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
Latest news in From the Regulators
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
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