U.S. financial authorities aim to combat the rising risk of cybercrime
New guidance gives financial services firms advice on how legal requirements apply to cyber-events and online crime
- By: James Langton
- November 1, 2016 February 22, 2018
- 14:50
Latest news in From the Regulators
Head of AMF’s solvency division elected to global body’s executive council
The AMF has participated in several IADI bodies over the years and the Quebec regulator will host the organization’s annual meeting next year
- By: James Langton
- November 1, 2016 December 19, 2017
- 11:20
OSC seeks applications for fintech advisory committee
The FAC will advise staff of the newly created OSC LaunchPad on developments in fintech and the unique challenges faced by start-ups in the securities…
- By: James Langton
- November 1, 2016 December 19, 2017
- 10:15
Ontario court dismisses appeal in insider trading case
The case stemmed from an OSC ruling in 2015 that the defendants had received inside information concerning pending merger deals
- By: James Langton
- October 31, 2016 December 19, 2017
- 14:33
Unsuitable investments top list of investor complaints to IIROC
Suitability continues to be a major issue as it accounted for half of the prosecutions against individual registrants in 2015
- By: Tessie Sanci
- October 31, 2016 December 19, 2017
- 14:15
IIROC hearing panel fines former advisor $250,000 for various infractions
Yu Qiong (Kevin) Li, who was formerly with TD Watherhouse Canada, was also banned permanently and ordered to pay costs of $15,000
- By: Tessie Sanci
- October 31, 2016 December 19, 2017
- 12:45
ASC adopts crowdfunding rule
Alberta joins several other provinces in allowing small firms to raise capital through equity crowdfunding
- By: James Langton
- October 31, 2016 December 19, 2017
- 11:15
U.S. banking regulators announce details of cyber breach
A former OCC employee downloaded a large number of files onto two removable thumb drives and has since been unable to locate the devices
- By: James Langton
- October 31, 2016 December 19, 2017
- 06:30
OSC dismisses application to review IIROC ruling
The regulator dismissed Krishna Sammy’s application after failing to meet the new deadline of Oct. 15
- By: James Langton
- October 28, 2016 December 19, 2017
- 16:00
IIROC sanctions former advisor for role in unauthorized trading
Henry Sojka, who was an advisor with now-defunct Union Securities, also failed to co-operate with IIROC’s investigation into his actions
- By: Tessie Sanci
- October 28, 2016 December 19, 2017
- 15:45
CIBC dealers to repay clients $73 million as part of no-contest settlement
The three firms also agreed to make a $3-million payment to the OSC and to pay $50,000 in costs for their role in overcharging clients
- By: James Langton
- October 28, 2016 December 17, 2018
- 15:25
Measures to strengthen securities markets are well underway
IOSCO reports on implementation of G20/FSB recommendations
- By: James Langton
- October 28, 2016 December 19, 2017
- 15:00
EBA, ESMA target improvement of financial firms’ management
European financial regulators’ new guidance focuses on ensuring financial services institutions’ management is up to the task
- By: James Langton
- October 28, 2016 December 19, 2017
- 14:20
Dealers concerned with best interest implementation
Ensuring that clients come first can only improve public confidence in markets, IIROC CEO says
- By: James Langton
- October 27, 2016 December 19, 2017
- 14:30
U.S. banking regulator reveals fintech plans
OCC to launch innovation office
- By: James Langton
- October 27, 2016 December 19, 2017
- 12:35
MFDA wants to regulate “financial planner” title
Proposed amendments would establish minimum proficiency requirements for mutual fund reps who present themselves as planners
- By: James Langton
- October 27, 2016 September 14, 2018
- 11:30
SEC proposes amendments to require use of universal proxy cards
Proposals would require participants in a contested board election to use proxy cards that enable shareholders to vote for any candidate
- By: James Langton
- October 26, 2016 December 19, 2017
- 16:50
OSFI publishes PRPP instruction guides
Regulator revises FAQs
- By: James Langton
- October 26, 2016 December 19, 2017
- 11:40
CIBC plans to compensate mutual fund, investment clients
OSC hearing scheduled for Friday
- By: The Canadian Press
- October 26, 2016 December 19, 2017
- 08:30
Fed payments task force identifies key priorities
Survey seeks comments on efforts to enhance the safety, security and resiliency of the U.S. payments system
- By: James Langton
- October 25, 2016 December 19, 2017
- 15:15
MFDA bans advisor for 10 years
The advisor, who has also been fined $50,000, borrowed money from a client and failed to co-operate fully with the regulator’s investigation
- By: Tessie Sanci
- October 24, 2016 December 19, 2017
- 11:25
FSCO suspends operations of three firms involved in syndicated mortgages
The Ontario regulator has laid the hammer down on Tier 1 Transaction Advisory Services, Tier 1 Mortgage and First Commonwealth Mortgage for various infractions
- By: Fiona Collie
- October 24, 2016 December 19, 2017
- 10:55
OSC introduces fintech innovation hub and regulatory sandbox
OSC LaunchPad aims to help fledgling fintech companies navigate the complex world of securities laws and help them get to market faster
- By: James Langton
- October 24, 2016 December 19, 2017
- 09:20
IIROC outlines next steps to address concerns of small-cap issuers
The self-regulatory organization plans to focus on issues surrounding short selling
- By: James Langton
- October 20, 2016 December 19, 2017
- 13:50
OSC requests applications for Securities Proceedings Advisory Committee
The SPAC advises the commission on a variety of policy and procedural initiatives relating to proceedings before the OSC’s administrative tribunal
- By: James Langton
- October 20, 2016 December 19, 2017
- 12:00