Although illiquid assets provide mutual fund investors with benefits, these holdings can pose problems if redemption demand spikes unexpectedly
FS Financial Strategies Inc. and various affiliated firms have raised approximately $36 million from more that 300 investors without filing a prospectus
The fraud stemmed from allegations that investor funds were misappropriated, among other misdeeds
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…
It’s too soon for any regulatory action given that distributed ledger technology remains at an early stage, new ESMA report concludes
Gregg Mulholland pled guilty manipulating U.S. stocks and laundering more than US$250 million in fraudulent proceeds
The benchmark administrator has made “very significant progress,” with most of IOSCO’s recommendations, but room for improvement remains
These funds hold non-traditional investments or use complex investment and trading strategies, which represent added risks to investors
Various RBS traders attempted to manipulate the U.S. dollar version of the global benchmark for interest rate products
Meanwhile, TD is among 13 firms that will still be subject to the qualitative evaluation of its capital planning
InvestmentReporting.ca aims to help investors understand the changes mandated as part of CRM2 in their new annual reports
Kurt Haller, who admitted to churning and making unsuitable recommendations to an elderly client, was also fined $109,500
The largest population of high-earning bankers was in the U.K. as British bankers account for more than 80% of the top earners, the EBA reports
The guidance is intended to help authorities implement effective resolution regimes and develop credible resolution strategies and plans for CCPs
The FCA’s and PRA’s changes are designed to enhance transparency for firms and individuals under investigation
A new notice from the MFDA suggests the issue is prevalent and outlines the measure firms and reps should take to deal with it
The SRO will be able to collect monetary sanctions from securities violators through the province’s Supreme Court without seeking approval in each case
The new members, who replace those whose terms expired this month, join seven other Bay Street lawyers still serving on the SPAC
The serious failings in Deutsche Bank’s AML controls allowed billions to be transferred from Russia to offshore accounts via the bank
The regulator recovered the funds under a settlement agreement with Keith Henry Alexander, an investor in a Ponzi scheme who brought in other investors
The TV personality and federal Conservative leadership candidate has not approved his image for ads promoting binary options trading software or platforms
The OSC had suspended Liyaun Qi’s registration as an ultimate designated person and as a dealing representative permanently last year
Canada’s regulators new list of marketplaces with full protected status also include the major exchanges published in the initial list
The former advisor also falsified multiple documents in order to process the trades so that he could meet his firm’s sales targets and receive higher…