Following a retrial, Jesse Litvak was found guilty of one count of securities fraud while being vindicated of the remaining nine charges against him
At least 60,000 clients were overcharged approximately US$18 million in unauthorized fees, the regulator’s order states
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…
The two regulators will inform each other when they refuse to register or license an individual registered with the other regulator
The move aims to address securities industry complaints about trading costs being too high
The voluntary protocols set out expectations on the roles and responsibilities of the various firms that handle meeting vote reconciliation
Committee members will serve one-year teams and advise OSC staff on developments in fintech as well as the challenges these startup companies face
Michale Randles will spend four years in jail after admitting to his role in an offshore money laundering and “pump and dump” scheme
The paper provides guidance on how regulators have addressed the issue of suitability through their enforcement proceedings against advisors
The ASIC is making the move, which will consolidate obligations and prohibitions for licensed financial markets, to reduce regulatory red tape
Sherry Cheng-Hui Kao borrowed money from clients to speculate in real estate and misled both the clients, and her employer, the ICBC found
The primary whistleblower in the case will receive more than US$4 million while the two others will split more than US$3 million
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…
A new report on a roundtable discussion notes participants in the session agreed regulators should establish minimum standards for risk assessments
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
A concise guide to recent regulatory initiatives and deadlines
The small investment dealer, which is selling most of its business to Hampton Securities, must cease dealing with the public as of Jan. 23
Most issuers identify cybersecurity as a material risk, but few provide specific insight into their vulnerability to cybersecurity incidents, the CSA finds
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
The dispute-resolution service says in its new strategic plan that it wants to implement a new approach to enforcing compensation recommendations
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
The SRO’s report provides an overview of the technology, highlights its possible applications, and regulatory considerations for broker-dealers
The regulatory roundtable, which takes place on Feb. 27 at the OSC’s offices, will examine how the industry would respond to such incidents
The regulator is concerned that the seminar focuses on scams in which investors are encouraged to withdraw funds from their RRSPs or RRIFs
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards