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
Latest news in From the Regulators
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
OSC to consider settlement with Sentry, former CEO
This week’s hearing stems from allegations Sentry violated the sales practices rules when it held a mutual fund conference in California
- By: James Langton
- April 3, 2017 February 15, 2019
- 10:35
Regulators well represented on Ontario’s annual sunshine list
Maureen Jensen, OSC chairwoman and CEO, heads the list with $642,782 in annual pay
- By: James Langton
- March 31, 2017 February 15, 2019
- 14:20
Global securities regulators agree to revised co-operation deal
An improved version of IOSCO’s multilateral memorandum of understanding will enable regulators to collect more information about online activity
- By: James Langton
- March 31, 2017 February 15, 2019
- 13:50
IIROC’s new fee model as debt information processor begins April 1
Fees for government securities dealers under the new model apply starting on Saturday and the fees for other dealers will begin July 1
- By: James Langton
- March 31, 2017 February 26, 2019
- 12:45
Province in favour of Expert Committee’s proposed rules for advisors, financial planners
Ontario’s government intends to work with the province’s financial regulators on many of the Expert Committee’s recommendations
- By: James Langton
- March 31, 2017 November 9, 2019
- 11:00
Ontario to give SROs power to collect fines against advisors in court
Advisors in the province subject to disciplinary sanctions will no longer be able to evade their fines simply by leaving the industry
- By: James Langton
- March 31, 2017 November 9, 2019
- 10:25
Will regulatory reforms be good for investment industry?
Experiences in Australia show that initial concern for regulatory reforms will give way to growth down the road for the financial advice business, head of…
- By: James Langton
- March 30, 2017 November 9, 2019
- 16:10
FINRA to introduce new rules to protect senior clients
Firms will have the power to place a temporary hold on client funds or securities that are to be disbursed if there’s a “reasonable belief…
- By: Patricia Chisholm
- March 30, 2017 February 15, 2019
- 15:30
CSA extends Louis Morriset’s term as chairman
Don Murray’s and Maureen Jensen’s terms as vice chairman and chairwoman of the policy co-ordination committee, respectively, were also extended
- By: IE Staff
- March 30, 2017 February 15, 2019
- 10:35
Former banker sanctioned for sharing client information on WhatsApp
The FCA has reached a settlement with Christopher Niehaus for sharing information about a client to impress his friends
- By: James Langton
- March 30, 2017 February 15, 2019
- 10:05
ESMA rules aim to ensure integrity of EU financial benchmarks
The rules set out standards for both benchmark administrators and contributors
- By: James Langton
- March 30, 2017 February 15, 2019
- 09:00
OSC to embrace behavioural economics in the year ahead
Behavioural insights have a role to play in producing better regulatory policy, suggests a new report from the OSC’s Investor Office
- By: James Langton
- March 29, 2017 February 15, 2019
- 11:20
Basel Committee issues revised disclosure requirements for banks
Committee gives details on how regulators should treat forthcoming changes to international accounting standards on bank provisioning
- By: James Langton
- March 29, 2017 February 15, 2019
- 09:50