IIROC suspends and fines advisor for conflict of interest
Although no clients lost money because of the advisor’s recommendations, an IIROC hearing panel said conflicts cannot be tolerated
- By: James Langton
- May 27, 2016 December 19, 2017
- 15:30
Latest news in From the Regulators
Former CIBC rep fined and banned for misconduct
An MFDA hearing panel says the full penalty matches the seriousness of the allegations, which were theft and borrowing from clients
- By: Tessie Sanci
- May 27, 2016 December 19, 2017
- 14:40
MFDA bans and fines rep for misappropriation
Carla-Marie Aksomitis was found to have stolen approximately $119,000 from a total of 29 clients with Royal Mutual Funds and Royal Bank of Canada
- By: Tessie Sanci
- May 27, 2016 December 19, 2017
- 12:00
ESMA issues consulting paper on benchmark regulation
The comment period is open until June 30
- By: James Langton
- May 27, 2016 December 19, 2017
- 09:30
U.S. program focuses on preventing elder investment fraud
Medical professionals in New York state will be educated to recognize if their elderly patients are victims of fraud — and how to report it
- By: James Langton
- May 26, 2016 December 19, 2017
- 14:00
Prepare for T+2 settlement, CSA tells firms
Canada to adopt T+2 settlement on Sept. 5, 2017
- By: James Langton
- May 26, 2016 December 19, 2017
- 13:00
IIROC to deal with significant issues in the year ahead
The SRO’s new strategic plan points out it will look at a possible “best interest” standard and regulatory restructuring, among other key issues
- By: James Langton
- May 26, 2016 December 19, 2017
- 12:30
First phase of a global code of conduct for currency markets published
Principles aim to improve behaviour in a sector that has been hit with trading scandals in recent years
- By: James Langton
- May 26, 2016 December 19, 2017
- 11:00
NSSC appoints two new commissioners
Veteran advisor Kenneth Wheelans and long-time regulator Shirley Lee to serve two-year terms
- By: James Langton
- May 26, 2016 December 19, 2017
- 09:15
Shadow-banking supervision needs work: FSB
Investment funds represent the majority of shadow banking assets, and have seen the fastest growth in recent years
- By: James Langton
- May 25, 2016 December 19, 2017
- 11:30
Over 55s at heightened risk of fraud, says U.K. regulator
Retirees report a sharp rise in the volume of unsolicited investment calls
- By: James Langton
- May 25, 2016 December 19, 2017
- 09:30
CFTC issues final cross-border margin rule
The rule would allow swaps dealers to comply with comparable margin requirements in a foreign jurisdiction
- By: James Langton
- May 24, 2016 December 19, 2017
- 14:00
ECB concerned over risks in banking and investment fund sectors
Cyclical and structural challenges remain
- By: James Langton
- May 24, 2016 December 19, 2017
- 13:40
OSC orders fraud operators to pay more than $2.5 million
Two men and their companies have been banned over the unregistered sale of shares in Bradon Technologies
- By: James Langton
- May 24, 2016 December 19, 2017
- 12:20
Two people to share SEC whistleblower award of more than $450,000
The U.S. regulator has paid US$10 million to whistleblowers this week
- By: James Langton
- May 20, 2016 December 19, 2017
- 15:50
Canadian named to FSB climate task force
Stephanie Leaist, the head of sustainable investing at the CPPIB, is among nine new members appointed to the task force developing voluntary standards for climate-related…
- By: James Langton
- May 20, 2016 December 19, 2017
- 10:30
Investor hit with trading ban, fine
Discount brokerage client profited from insider tips from son
- By: James Langton
- May 20, 2016 December 19, 2017
- 09:45
MFDA provides guidance on cybersecurity
New bulletin suggests methods for firms to protect the confidentiality of their sensitive client data
- By: James Langton
- May 19, 2016 December 19, 2017
- 15:45
OSC hearing to consider settlement
Son tipped father ahead of merger deals, OSC alleges
- By: James Langton
- May 19, 2016 December 19, 2017
- 13:15
Court upholds OSC ruling against fund managers
Appeal of OSC decision that found fund managers “committed multiple breaches of their fiduciary obligations” was dismissed
- By: James Langton
- May 18, 2016 December 19, 2017
- 14:30
OSC issues 2016 risk assessment questionnaire
The regulator will host outreach sessions to guide firms through the process of completing the questionnaire
- By: James Langton
- May 18, 2016 December 19, 2017
- 10:30
SEC awards more than US$5M to whistleblower
Award is SEC program’s third highest to date
- By: James Langton
- May 17, 2016 December 19, 2017
- 14:00
Trade reporting requirements proposed for U.S. Treasury market
Regulatory reporting by FINRA members could provide important new information about day‑to‑day activity in both inter‑dealer and dealer‑to‑client markets
- By: James Langton
- May 17, 2016 December 19, 2017
- 10:15
W.H. Stuart founders fined $8 million
An MFDA hearing panel announced a $7-million fine for Dianne Stuart and a $1-million fine for Howard Stuart
- By: James Langton
- May 16, 2016 January 22, 2018
- 16:40
CCIR looks to close key gaps in regulation
Insurance regulators have issued a paper that suggests existing and potential gaps in disclosure between mutual funds and segregated funds may need to be addressed
- By: Megan Harman
- May 16, 2016 January 22, 2018
- 16:00