European regulators warn on money laundering and terrorist financing risks
Weaknesses among firms leave the financial sector vulnerable to abuse by financial criminals
- By: James Langton
- February 21, 2017 February 15, 2019
- 16:35
Latest news in From the Regulators
U.S. regulators to facilitate oversight of crowdfunding offerings
An agreement between U.S. state and federal securities regulators intends to ensure crowdfunding exemptions are enabling access to capital
- By: James Langton
- February 21, 2017 February 15, 2019
- 14:20
MX’s regulatory division to target market manipulation
The group will soon create an industry advisory group to gain insights on regulatory issues and get feedback on rule proposals and guidance
- By: James Langton
- February 21, 2017 February 15, 2019
- 14:00
Alberta’s new JSOT unit makes first arrest
Neil Andrew McDonald of Calgary has been charged with various alleged breaches of the Criminal Code
- By: IE Staff
- February 21, 2017 February 15, 2019
- 13:00
BCSC permanently bans and fines fraudsters almost $5 million
Richard Lian and Enna Keller raised US$3.2 million from investors by selling securities in a company subject to a cease-trade order
- By: James Langton
- February 16, 2017 February 15, 2019
- 15:30
FCA to examine effectiveness of capital markets
The U.K. regulator will be looking at a host of issues as well as potential enhancements to ensure markets meet the needs of issuers and…
- By: James Langton
- February 14, 2017 February 15, 2019
- 15:30
European regulators warn of trading loopholes
ESMA is concerned that brokerage firms are creating networks to avoid the obligation that internal matching systems be authorized as trading venues
- By: James Langton
- February 14, 2017 February 15, 2019
- 14:35
SEC sanctions Morgan Stanley for US$8 million
The firm also admits to wrongdoing related to compliance failures surrounding the sale of risky inverse ETFs to retail clients
- By: James Langton
- February 14, 2017 February 15, 2019
- 14:15
ASC to consider introduction of whistleblower program
The regulator also plans to review derivatives markets, climate change disclosure, energy sector regulation and fintech in the next three years
- By: James Langton
- February 13, 2017 February 15, 2019
- 14:35
IIROC issues guidance for supervising work-from-home arrangements
Dealers should maintain an updated list of advisors who work from home, which a department of the SRO could use as it plans compliance exams
- By: James Langton
- February 13, 2017 February 15, 2019
- 13:04
CSA looking to develop new system for analyzing market data
The proposal would replace the CSA’s existing system for investigating possible market misconduct cases utilizing T+1 trading data
- By: James Langton
- February 13, 2017 February 15, 2019
- 12:10
FSCO warns clients of mystery shopping scam
Some individuals are being sent letters and cheques citing payment for a mystery shopper assignment for the Insurance Institute of Canada
- By: IE Staff
- February 10, 2017 February 15, 2019
- 14:45
BCSC to allow investors to sell cease-traded securities to their dealers
The measures will mean cost savings for dealers and relief for investors in the province
- By: James Langton
- February 9, 2017 February 15, 2019
- 15:40
CSA issues notice on approach to segregation and portability arrangements
The notice is part of regulators’ ongoing efforts at enhancing regulation of over-the-counter derivatives markets
- By: James Langton
- February 9, 2017 February 15, 2019
- 14:00
Rise of fintech creating challenges for regulators
The rise of fintech is pushing regulators to keep pace with technological innovation, but regulators are also assessing the emerging risks associated with fintech: IOSCO…
- By: James Langton
- February 8, 2017 February 15, 2019
- 13:55
U.K.’s FCA launches consultation on illiquid assets
Although illiquid assets provide mutual fund investors with benefits, these holdings can pose problems if redemption demand spikes unexpectedly
- By: James Langton
- February 8, 2017 February 15, 2019
- 11:15
BCSC issues cease-trade order for possible securities violations
FS Financial Strategies Inc. and various affiliated firms have raised approximately $36 million from more that 300 investors without filing a prospectus
- By: James Langton
- February 7, 2017 February 15, 2019
- 16:40
OSC hearing panel finds Quadrexx, former execs committed fraud
The fraud stemmed from allegations that investor funds were misappropriated, among other misdeeds
- By: James Langton
- February 7, 2017 February 15, 2019
- 16:22
Quadrus reaches settlement with the MFDA
The firm will be paying a $75,000 fine and $20,000 in costs for failing to supervise a rep adequately and not reporting possible violations by…
- By: James Langton
- February 7, 2017 February 15, 2019
- 14:00
Regulatory challenges remain for implanting blockchain, ESMA reports
It’s too soon for any regulatory action given that distributed ledger technology remains at an early stage, new ESMA report concludes
- By: James Langton
- February 7, 2017 February 15, 2019
- 10:35
Canadian sentenced to 12 years in U.S. jail for role in securities frauds
Gregg Mulholland pled guilty manipulating U.S. stocks and laundering more than US$250 million in fraudulent proceeds
- By: James Langton
- February 7, 2017 February 15, 2019
- 10:30
More work needed on certain financial benchmarks, IOSCO reports
The benchmark administrator has made “very significant progress,” with most of IOSCO’s recommendations, but room for improvement remains
- By: James Langton
- February 7, 2017 February 15, 2019
- 10:15
SEC warns investors about risks of investing in “alternative mutual funds”
These funds hold non-traditional investments or use complex investment and trading strategies, which represent added risks to investors
- By: James Langton
- February 3, 2017 February 15, 2019
- 13:00
U.S. CFTC reaches US$85-million settlement with RBS
Various RBS traders attempted to manipulate the U.S. dollar version of the global benchmark for interest rate products
- By: James Langton
- February 3, 2017 February 15, 2019
- 12:15
BMO among 21 firms to get a pass on parts of U.S. bank stress tests
Meanwhile, TD is among 13 firms that will still be subject to the qualitative evaluation of its capital planning
- By: James Langton
- February 3, 2017 February 15, 2019
- 10:40