IIROC hearing panel bans advisor for five years due to various infractions
Robert Adrian Crandall has also been fined $150,000 and ordered to pay $35,000 in costs
- By: James Langton
- October 17, 2016 December 19, 2017
- 16:15
Latest news in From the Regulators
Phase two of bond market transparency initiative takes effect Nov. 1
IIROC issues reminder to dealers
- By: James Langton
- October 17, 2016 December 19, 2017
- 14:35
Australian regulators continue to review ASX trading outage
The ASIC’s ongoing review will help determine whether any changes could help the market and its users function more effectively
- By: James Langton
- October 14, 2016 December 19, 2017
- 10:30
SEC steps up regulation of U.S. asset-management business
New rule will enhance reporting requirements and bolster liquidity risk management obligations among mutual funds and ETFs
- By: James Langton
- October 13, 2016 December 19, 2017
- 15:50
IIROC proposes new rules on best execution
The amendments to the trading rules and the dealer rules would consolidate the existing requirements into a single rule on best execution
- By: James Langton
- October 13, 2016 December 19, 2017
- 12:15
MFDA hearing panel bans, fines rep for charging clients additional fees
Charles Albert Martin “disregarded directives” from his dealer to stop charging service fees to clients, or providing services outside his dealer
- By: James Langton
- October 13, 2016 December 19, 2017
- 10:35
SEC imposes US$9.5 million penalty on Deutsche Bank Securities
The U.S. regulator said the bank failed to properly safeguard information generated by its analysts
- By: James Langton
- October 13, 2016 December 19, 2017
- 07:35
Fund rep banned, fined over exempt-market losses
Investors lost $8.8 million after being referred to firm that subsequently want bankrupt
- By: James Langton
- October 12, 2016 December 19, 2017
- 10:30
Global banking regulators revise loss absorbing rules
Final requirements designed to limit contagion in the financial system take effect in 2019
- By: James Langton
- October 12, 2016 December 19, 2017
- 09:35
SEC files a record 868 enforcement actions in 2016
The U.S. regulator also obtained judgments and orders for more than US$4 billion in disgorgement and penalties.
- By: James Langton
- October 11, 2016 December 19, 2017
- 13:20
ESMA issues new guidance on the sale of speculative investment products to retail investors
The complexity speculative products means it may be difficult for the majority of retail investors to understand the risks involved
- By: James Langton
- October 11, 2016 December 19, 2017
- 10:45
MFDA bans, fines advisor $155,000 for multiple infractions
Rupinder Bhathal made redemptions and misappropriated funds from two clients’ RESP accounts without their knowledge and failed to co-operate with the investigation into her conduct
- By: Tessie Sanci
- October 7, 2016 December 19, 2017
- 15:40
IIROC stands down on major changes proposed in white paper
The SRO will focus instead on participating in the CSA’s initiative to enhance proficiency requirements in the investment industry and other “targeted reforms”
- By: James Langton
- October 7, 2016 December 19, 2017
- 13:25
AMF issues notice on money market fund valuations
Review notes a “general lack of completeness” in fund managers’ policies and procedures
- By: James Langton
- October 7, 2016 December 19, 2017
- 11:30
CFTC, FCA sign MOU to enhance supervision of cross-border firms
The agreement covers 20 firms registered with in the U.S. as swap dealers, along with the other sorts of firms
- By: James Langton
- October 7, 2016 December 19, 2017
- 10:15
Client complaints on the decline in U.K.
The reduction in the total number of client complaints is encouraging, FCA says
- By: James Langton
- October 6, 2016 December 19, 2017
- 14:30
Credit Suisse paying US$90-million penalty
The bank agreed to admit wrongdoing in misrepresenting how it determined a key performance metric for its wealth management business
- By: James Langton
- October 5, 2016 December 19, 2017
- 14:15
Court sides with OSC, upholds advisor’s suspension
The commission’s decision was “justified, transparent and intelligible,” court says
- By: James Langton
- October 5, 2016 December 19, 2017
- 13:30
ESMA consults on product governance guidelines
Proposed guidelines aim to safeguard investors
- By: James Langton
- October 5, 2016 December 19, 2017
- 09:00
Task forces begin review of U.S. payments system
The two groups are focused on faster payments and enhanced payment system security
- By: James Langton
- October 4, 2016 December 19, 2017
- 15:25
NASAA consults on electronic documents, signatures
State regulators have published a proposed policy on the use of electronic offerings, and electronic signatures
- By: James Langton
- October 4, 2016 December 19, 2017
- 15:15
IIROC issues cybersecurity report cards
SRO aims to alert dealers’ to possible weaknesses in their cybersecurity programs
- By: James Langton
- October 3, 2016 December 19, 2017
- 15:10
ESMA proposes consolidated tape for non-equity products
Consultation period closes Dec. 5
- By: James Langton
- October 3, 2016 December 19, 2017
- 10:15
MFDA hearing panel bans, fines advisor $150,000
Keith Lorne Davis committed several infractions, including borrowing from a client and engaging in outside business activity from his dealer firm
- By: Tessie Sanci
- October 3, 2016 December 19, 2017
- 10:10