The regulatory roundtable discussion revealed the deep divisions within the investment industry concerning the prospect of the CSA introducing this standard
Although the Ontario court dismissed the appeals of a securities lawyer and three brokers, it found that the OSC hearing panel’s reasoning was flawed in…
The proposals aim to improve standards across the sector and ensure consumers are appropriately protected
Financial regulators in the U.K. report that almost a third of seniors aged 75 and over believe they’ve been the targets of investment scams
The U.S. regulator has now distributed approximately US$135 million to 36 whistleblowers since issuing its first award in 2012
The proposed rules generally permit approaches based upon existing U.S. bank regulators’ capital requirements.
Fintech firms that are granted these charters from the OCC would have to adhere to standards of safety and soundness as well as fair access
The SRO’s members also approved proposed changes to its rules regarding trading authority and powers of attorney at its AGM
The RAC provides the regulator with feedback on policy from an investment industry perspective
The added time comes in response to requests from the industry seeking additional time to consider and comment on the guidance
Regulators shifting their focus to industry conduct, not simply compliance
The self-regulatory organization is also considering an expansion of the service that would allow it to distribute data for bulk download for a fee
The “John Doe” summons directs the exchange, Coinbase, to produce records identifying U.S. taxpayers who have used its services
New rules will take effect in January 2018
Home Safe Living Investment Fund failed to file its annual financials for the year ended June 30 by the Nov. 17 deadline
Bay Street lawyer Phil Anisman and industry executive Frances Kordyback have begun serving two-year terms
The advisor, Gilles Robert Latour, was also banned permanently for soliciting and failing to repay loans from senior clients
VALIC Financial Advisors was fined US$1.75 million for giving its registered reps a financial incentive to recommend proprietary products
The CFPB is warning financial services firms to avoid using sales incentives that encourage employees to put consumers into inappropriate products
Proposed rule aims to simplify the framework governing certain real estate distributions
The regulator considers Nelson Bradbury “a continuing danger to the investing public” because of the infractions he has committed during his lifetime
The SRO is also redesigning the official brochure that firms will be required to distribute to new retail clients when they open an account early…
The rules that securities commissions in Alberta, Manitoba and New Brunswick are proposing are already in place in Ontario and Quebec
The regulator’s notice examines several financial reporting issues, such as the use of non-standard accounting metrics