BlackRock settles charges with SEC for US$340,000
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards
- By: James Langton
- January 17, 2017 January 19, 2019
- 12:30
Latest news in From the Regulators
IIROC to hold hearing on All Group Financial Services
The SRO is seeking to suspend introducing broker, which became capital deficient on Jan. 3 and subsequently sold its business to Hampton Financial
- By: James Langton
- January 16, 2017 December 19, 2017
- 15:55
FSB policy proposals to benefit global asset managers
Large asset managers are better positioned to absorb the added compliance costs, a new report from Moody’s finds
- By: James Langton
- January 16, 2017 December 19, 2017
- 12:00
IIROC extends comment period for guidance on OEO firms
This is the second time that the SRO has extended the comment period on proposed new guidance regarding discount brokers
- By: James Langton
- January 16, 2017 December 5, 2019
- 11:40
MFDA seeking feedback on proposed new CE requirements
The SRO is launching a second round of consultations on the actual rules that would impact mutual fund dealer reps
- By: James Langton
- January 13, 2017 December 19, 2017
- 15:35
Regulators cite concerns with issuers’ structuring of exempt-rights offerings
Five of Canada’s provincial securities commissions issued a notice on Thursday warning that some issuers may be abusing shareholders in the way they’re structuring exempt-rights…
- By: James Langton
- January 12, 2017 December 19, 2017
- 16:00
FSB’s new policy proposals target systemic risks in asset management
The recommendations are designed to increase transparency in liquidity mismatch and focus on measuring and monitoring leverage in investment funds
- By: James Langton
- January 12, 2017 December 19, 2017
- 15:00
ESMA pleas for greater intervention powers over fund managers
Regulators are concerned that a product that’s restricted, or banned, for investment firms could still be distributed directly by fund managers
- By: James Langton
- January 12, 2017 December 19, 2017
- 14:50
SEC sets new focus on robo-advisors and electronic advice
The regulator, which published its list of priorities for 2018, will also examine wrap programs and the possible exploitation of senior investors
- By: James Langton
- January 12, 2017 December 19, 2017
- 14:30
MFDA fines former advisor $950,000
Jason Perry Boldt borrowed more than $1 million for clients for an unauthorized outside business activity about which he did not inform his firm
- By: Tessie Sanci
- January 12, 2017 December 19, 2017
- 12:25
Former OSC executive joins the regulator’s SAC
There are three new members on the OSC’s key securities advisory committee for the 2017-20 term
- By: James Langton
- January 12, 2017 December 19, 2017
- 11:00
Potential implications of the CSA’s alternative funds proposal
Dan Richards, CEO, Client Insights and Lynn McGrade, partner at Borden Ladner Gervais LLP, discuss how advisors and investors may benefit from the Canadian Securities…
- By: Dan Richards, Lynn McGrade
- January 12, 2017 December 19, 2017
- 10:30
OSC charges convicted Ontario man with more alleged trading violations
Vernon Smith, who was sentenced to 15 months in jail last year, will make his first court appearance on Feb. 3 to address the latest…
- By: James Langton
- January 11, 2017 December 19, 2017
- 11:20
SEC warns investors of excessive trading in their brokerage accounts
An alert stresses the importance for investors to understand the full impact of brokerage fees on their investment accounts
- By: James Langton
- January 10, 2017 December 19, 2017
- 17:15
Slideshow: Top five investor risks for 2017
Here are the biggest risks that your clients need to consider in the year ahead, according to the ASC
- By: Tessie Sanci
- January 10, 2017 December 19, 2017
- 15:30
IIROC grants CRM2 reporting exemptions to certain firms
The SRO has granted exemptions to 24 firms for which the annual cost and performance reporting requirements are redundant or unnecessary
- By: James Langton
- January 10, 2017 December 19, 2017
- 13:45
CSA launches consultation on banning embedded commissions
Although regulators have yet to make a decision on the matter, they’re formally considering whether to mandate a “direct pay” structure
- By: James Langton
- January 10, 2017 November 9, 2019
- 11:00
MFDA rep banned for misappropriating client money to repay personal debts
The advisor was also fined $15,000 for showing remorse for his actions by entering into the settlement agreement and immediately paying off the fine and…
- By: Tessie Sanci
- January 6, 2017 December 19, 2017
- 12:30
IIROC panel accepts settlement with Union Securities
The defunct investment dealer has been expelled from IIROC membership
- By: IE Staff
- January 3, 2017 December 19, 2017
- 15:45
Compliance Calendar for Advisors 2016
Regulatory deadlines and updates for financial professionals. New this update: proficiency issues; robo-advisors and much more.
- By: IE Staff
- December 30, 2016 December 19, 2017
- 14:30
NSSC issues cease trade order against former mutual fund salesperson
Hearing scheduled for January
- By: James Langton
- December 23, 2016 December 19, 2017
- 12:15
IIROC seeks members for new advisory committee on proficiency issues
Licensing standards and continuing education to be studied
- By: James Langton
- December 22, 2016 December 19, 2017
- 16:45
New guidance from OSC on mutual fund-sponsored sales conferences
The aim is to avoid conflicts of interest when selecting reps to attend conferences
- By: James Langton
- December 22, 2016 December 19, 2017
- 13:45
MFDA receives client complaints about proprietary products
Products that can’t be transferred to a new fund dealer should be specifically disclosed to clients at the point of sale
- By: James Langton
- December 22, 2016 December 19, 2017
- 13:10