B.C. insurance regulator cancels life agent’s licence
The OSC had suspended Liyaun Qi’s registration as an ultimate designated person and as a dealing representative permanently last year
- By: James Langton
- January 30, 2017 January 19, 2019
- 13:50
Latest news in From the Regulators
CSE on CSA’s latest list of fully “protected” marketplaces
Canada’s regulators new list of marketplaces with full protected status also include the major exchanges published in the initial list
- By: James Langton
- January 30, 2017 January 19, 2019
- 12:25
MFDA bans advisor for conducting unauthorized trades on client’s behalf
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…
- By: Tessie Sanci
- January 27, 2017 January 19, 2019
- 16:00
Former Wall Street trader convicted of securities fraud
Following a retrial, Jesse Litvak was found guilty of one count of securities fraud while being vindicated of the remaining nine charges against him
- By: James Langton
- January 27, 2017 January 19, 2019
- 15:20
SEC sanctions Citigroup for overbilling certain advisory clients
At least 60,000 clients were overcharged approximately US$18 million in unauthorized fees, the regulator’s order states
- By: James Langton
- January 26, 2017 January 19, 2019
- 16:15
MFDA bans advisor for personal financial dealings with a client
The advisor, who has also fined a minimum of $75,000, did not “deal fairly, honestly and in good faith with [his client],” who was also…
- By: Tessie Sanci
- January 26, 2017 January 19, 2019
- 14:40
IIROC signs MOU with the Alberta Insurance Council
The two regulators will inform each other when they refuse to register or license an individual registered with the other regulator
- By: IE Staff
- January 26, 2017 January 19, 2019
- 14:15
CSA cuts trading fee cap on domestic securities
The move aims to address securities industry complaints about trading costs being too high
- By: James Langton
- January 26, 2017 January 19, 2019
- 12:20
New CSA protocols aim to enhance the integrity of the proxy voting process
The voluntary protocols set out expectations on the roles and responsibilities of the various firms that handle meeting vote reconciliation
- By: James Langton
- January 26, 2017 January 19, 2019
- 11:00
OSC names inaugural members to Fintech Advisory Committee
Committee members will serve one-year teams and advise OSC staff on developments in fintech as well as the challenges these startup companies face
- By: James Langton
- January 26, 2017 January 19, 2019
- 10:35
Canadian sentenced to jailed in the U.S. for role in fraud scheme
Michale Randles will spend four years in jail after admitting to his role in an offshore money laundering and “pump and dump” scheme
- By: James Langton
- January 25, 2017 January 19, 2019
- 15:45
New MFDA paper provides guidance on suitability
The paper provides guidance on how regulators have addressed the issue of suitability through their enforcement proceedings against advisors
- By: James Langton
- January 25, 2017 January 19, 2019
- 12:50
Australian regulators seek to streamline market integrity rules
The ASIC is making the move, which will consolidate obligations and prohibitions for licensed financial markets, to reduce regulatory red tape
- By: James Langton
- January 24, 2017 January 19, 2019
- 10:20
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
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