B.C. life insurance agent suspended for five years
Sherry Cheng-Hui Kao borrowed money from clients to speculate in real estate and misled both the clients, and her employer, the ICBC found
- By: James Langton
- January 23, 2017 January 19, 2019
- 17:10
Latest news in From the Regulators
SEC awards three whistleblowers US$7 million
The primary whistleblower in the case will receive more than US$4 million while the two others will split more than US$3 million
- By: James Langton
- January 23, 2017 January 19, 2019
- 14:40
Investors have much to learn about investment fees, BCSC study finds
The first phase of a three-part research project on the impact of CRM2 finds that many don’t know how advisors are paid or the types…
- By: James Langton
- January 23, 2017 January 19, 2019
- 14:00
Advisors’ training for risk assessments should be boosted, IAP recommends
A new report on a roundtable discussion notes participants in the session agreed regulators should establish minimum standards for risk assessments
- By: James Langton
- January 23, 2017 January 19, 2019
- 12:50
DoJ reaches US$50-million settlement with Société Générale
The deal follows a pair of multi-billion dollar settlements between the DoJ and Deutsche Bank and Credit Suisse earlier this week related to RMBS
- By: James Langton
- January 20, 2017 January 19, 2019
- 17:05
IE’s Regulatory Reporter, January 2017
A concise guide to recent regulatory initiatives and deadlines
- By: IE Staff
- January 20, 2017 January 19, 2019
- 16:30
IIROC suspends All Group Financial Services
The small investment dealer, which is selling most of its business to Hampton Securities, must cease dealing with the public as of Jan. 23
- By: James Langton
- January 19, 2017 January 19, 2019
- 17:35
Issuers must do a better job of reporting cybersecurity information
Most issuers identify cybersecurity as a material risk, but few provide specific insight into their vulnerability to cybersecurity incidents, the CSA finds
- By: James Langton
- January 19, 2017 January 19, 2019
- 14:20
CSA introduces two new sets of rules for the OTC derivatives market
The new rules are part of Canada’s effort to meet its G20 commitments to reform global OTC derivatives markets following the global financial crisis
- By: James Langton
- January 19, 2017 January 19, 2019
- 12:35
OBSI to consider new enforcement powers
The dispute-resolution service says in its new strategic plan that it wants to implement a new approach to enforcing compensation recommendations
- By: James Langton
- January 19, 2017 January 19, 2019
- 11:50
SEC reaches settlement with Toronto-based MDC Partners
The firm has agreed to pay a US$1.5-million penalty for failing to disclose benefits it paid on behalf of its former CEO, Miles Nadal
- By: James Langton
- January 18, 2017 January 19, 2019
- 15:30
FINRA examining impact and risks of blockchain
The SRO’s report provides an overview of the technology, highlights its possible applications, and regulatory considerations for broker-dealers
- By: James Langton
- January 18, 2017 January 19, 2019
- 15:00
CSA roundtable to focus on hypothetical cybersecurity incidents
The regulatory roundtable, which takes place on Feb. 27 at the OSC’s offices, will examine how the industry would respond to such incidents
- By: James Langton
- January 18, 2017 January 19, 2019
- 11:30
MSC warns investors about investment seminar
The regulator is concerned that the seminar focuses on scams in which investors are encouraged to withdraw funds from their RRSPs or RRIFs
- By: James Langton
- January 17, 2017 January 19, 2019
- 15:40
BlackRock settles charges with SEC for US$340,000
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards
- By: James Langton
- January 17, 2017 January 19, 2019
- 12:30
IIROC to hold hearing on All Group Financial Services
The SRO is seeking to suspend introducing broker, which became capital deficient on Jan. 3 and subsequently sold its business to Hampton Financial
- By: James Langton
- January 16, 2017 December 19, 2017
- 15:55
FSB policy proposals to benefit global asset managers
Large asset managers are better positioned to absorb the added compliance costs, a new report from Moody’s finds
- By: James Langton
- January 16, 2017 December 19, 2017
- 12:00
IIROC extends comment period for guidance on OEO firms
This is the second time that the SRO has extended the comment period on proposed new guidance regarding discount brokers
- By: James Langton
- January 16, 2017 December 5, 2019
- 11:40
MFDA seeking feedback on proposed new CE requirements
The SRO is launching a second round of consultations on the actual rules that would impact mutual fund dealer reps
- By: James Langton
- January 13, 2017 December 19, 2017
- 15:35
Regulators cite concerns with issuers’ structuring of exempt-rights offerings
Five of Canada’s provincial securities commissions issued a notice on Thursday warning that some issuers may be abusing shareholders in the way they’re structuring exempt-rights…
- By: James Langton
- January 12, 2017 December 19, 2017
- 16:00
FSB’s new policy proposals target systemic risks in asset management
The recommendations are designed to increase transparency in liquidity mismatch and focus on measuring and monitoring leverage in investment funds
- By: James Langton
- January 12, 2017 December 19, 2017
- 15:00
ESMA pleas for greater intervention powers over fund managers
Regulators are concerned that a product that’s restricted, or banned, for investment firms could still be distributed directly by fund managers
- By: James Langton
- January 12, 2017 December 19, 2017
- 14:50
SEC sets new focus on robo-advisors and electronic advice
The regulator, which published its list of priorities for 2018, will also examine wrap programs and the possible exploitation of senior investors
- By: James Langton
- January 12, 2017 December 19, 2017
- 14:30
MFDA fines former advisor $950,000
Jason Perry Boldt borrowed more than $1 million for clients for an unauthorized outside business activity about which he did not inform his firm
- By: Tessie Sanci
- January 12, 2017 December 19, 2017
- 12:25
Former OSC executive joins the regulator’s SAC
There are three new members on the OSC’s key securities advisory committee for the 2017-20 term
- By: James Langton
- January 12, 2017 December 19, 2017
- 11:00