FINTRAC publishes workbook for securities dealers
The compliance guide aims to help firms implement effective measures to address money laundering risks
- By: James Langton
- May 9, 2016 December 19, 2017
- 06:40
Latest news in From the Regulators
MFDA fines advisor $100,000 for leverage recommendations
A regulatory hearing panel has ordered that Rodney Warren also be suspended for 90 days, pay costs of $10,000 and face strict supervision
- By: James Langton
- May 6, 2016 January 22, 2018
- 16:00
World’s top banks still guilty of misconduct
OSFI official says regulator will focus on “risk culture” at financial firms
- By: James Langton
- May 6, 2016 December 19, 2017
- 13:30
Feds issue revised draft of CCMR legislation
The proposed legislation focuses on systemic risk, criminal enforcement and national data collection
- By: James Langton
- May 5, 2016 January 22, 2018
- 15:35
Seniors susceptible to emotional appeals by fraudsters
Managing emotions around financial decisions is critical to avoiding fraud
- By: James Langton
- May 5, 2016 January 22, 2018
- 13:50
BoC reports progress on FMI oversight
A new report details the central bank’s oversight of financial market infrastructure entities
- By: James Langton
- May 5, 2016 December 19, 2017
- 13:30
ASIC to consult on fintechs
An upcoming consultation paper will propose a new exemption that will allow startups to run early-stage tests of new businesses without having to be licensed
- By: James Langton
- May 5, 2016 December 19, 2017
- 08:30
OSC bans former advisor
Mark Allen Dennis Dennis exploited his relationship with his clients and breached their trust
- By: James Langton
- May 5, 2016 January 22, 2018
- 06:20
FPSC, Insurance Council of B.C. to share enforcement information
Agreement will strengthen consumer protection in Ontario and British Columbia
- By: James Langton
- May 4, 2016 December 19, 2017
- 15:30
U.S. banking regulators move curb systemic risk
Federal Reserve proposes two rules
- By: James Langton
- May 3, 2016 December 19, 2017
- 15:50
SEC charges 10 in ForceField Energy fraud
The firm’s Canadian chairman paid others to tout the company’s stock, regulator alleges
- By: James Langton
- May 3, 2016 December 19, 2017
- 14:00
MetLife to pay US$25 million over variable annuities
Misrepresentations made replacement annuities appear more beneficial, even though they were typically more expensive than clients’ existing annuities, FINRA says
- By: James Langton
- May 3, 2016 December 19, 2017
- 11:15
BoC designates Automated Clearing and Settlement System
The move brings the ACSS under the formal oversight of the central bank, and requires it to comply with risk management standards
- By: James Langton
- May 2, 2016 December 19, 2017
- 09:20
MFDA bans founders of W.H. Stuart permanently
The founders have also been ordered to pay $50,000 toward the costs of the hearing, but monetary policies will come “in due course”
- By: James Langton
- April 29, 2016 January 22, 2018
- 15:55
No consensus on CSA’s best interest proposal
Regulators, investor advocates and the investment industry have varying and deeply entrenched views about the CSA’s proposed reforms
- By: James Langton
- April 29, 2016 December 19, 2017
- 14:40
OSFI proposes changes to capital requirements for loans secured by real estate
The proposed changes would apply to federally regulated banks that use internal ratings-based approach to credit risk
- By: James Langton
- April 29, 2016 December 19, 2017
- 13:15
Rep cannot seek registration for a year due to lies related to affair
John Doe has admitted to making misstatements about an extra-marital affair as well as unauthorized disclosure of confidential information
- By: James Langton
- April 29, 2016 January 22, 2018
- 12:00
IIROC fines Calgary advisor $100,000
Allen Samuel Mendelman has also been suspended 18 months in response to various infractions when he was an advisor with Canaccord Genuity
- By: Tessie Sanci
- April 29, 2016 January 22, 2018
- 10:30
Saleswoman gets jail time for breaching cease trade order, unregistered trading
Michelle dunk pays $60,000 in restitution to Hockley Energy investors
- By: James Langton
- April 29, 2016 January 22, 2018
- 10:00
IIROC proposes changes to client cash rules
Amendments seek to appropriately restrict a dealer’s ability to use client free credit cash balances
- By: James Langton
- April 28, 2016 December 19, 2017
- 14:20
FINRA issues report cards covering “spoofing” and “layering”
New reports designed to help firms spot and halt potential market manipulation
- By: James Langton
- April 28, 2016 December 19, 2017
- 13:30
CSA proposes best interest standard
Not all member regulators are in agreement
- By: James Langton
- April 28, 2016 December 19, 2017
- 09:50
SEC seeks feedback on plan to create a consolidated audit trail
Proposal would enable regulators to efficiently track all trading activity in the U.S. equity and options market
- By: James Langton
- April 27, 2016 December 19, 2017
- 13:35
MFDA hearing panel finds W.H. Stuart, co-founder violated industry rules
The allegations against the firm and Dianne Stuart stemmed from the firm taking $6 million from clients and diverting it to other uses
- By: James Langton
- April 27, 2016 January 22, 2018
- 10:45
IIROC white paper presents opportunity for discussion: head of MFDA
Although only the CSA has the jurisdiction to change the regulatory landscape in Canada, the white paper raises some very important questions for regulators, said…
- By: Tessie Sanci
- April 27, 2016 January 22, 2018
- 09:20