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
Latest news in From the Regulators
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
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