U.S. financial regulatory structure could be streamlined
GAO report calls on U.S. Congress to consider reforms to improve effectiveness
- By: James Langton
- March 29, 2016 December 19, 2017
- 14:15
Latest news in From the Regulators
Private equity exec charged with securities fraud
Institutional investors defrauded in a scheme that involved fictitious fund investments, SEC alleges
- By: James Langton
- March 28, 2016 December 19, 2017
- 16:05
MFDA review finds deficiencies with audits
Bulletin aims to enhance awareness and understanding of the special audit requirements for external auditors of mutual fund dealers
- By: James Langton
- March 28, 2016 December 19, 2017
- 12:40
CSA warns Canadians about dangers of online binary options platforms
As the trading platforms are often based overseas and money is moved out of Canada, it’s almost impossible to recover assets if something goes wrong,…
- By: Tessie Sanci
- March 23, 2016 January 22, 2018
- 12:20
Amaya CEO faces charges of market manipulation
David Baazov was charged as part of an investigation by the AMF
- By: The Canadian Press
- March 23, 2016 January 22, 2018
- 10:30
FINRA and Nasdaq fine Wedbush Securities US$675,000
The U.S. brokerage was censured for supervisory violations relating to chronic fails to deliver by a client in multiple ETFs
- By: James Langton
- March 21, 2016 December 19, 2017
- 12:25
Australian regulator consults on proposed guidance on robo-advisors
A separate ASIC report reviews conflicts of interest in in vertically integrated funds management businesses
- By: James Langton
- March 21, 2016 December 19, 2017
- 12:15
New MFDA proficiency requirement approved
The measure aims to ensure that reps have adequate training and proficiency when they deal in products, such as ETFs
- By: James Langton
- March 18, 2016 December 19, 2017
- 15:30
OSC fines former rep for trading without registration
Julius Vitug helped an Alberta company raise approximately $10 million while under an IIROC ban
- By: James Langton
- March 17, 2016 December 19, 2017
- 10:35
Deterring illegal insider trading a top priority for AMF enforcement
The Quebec securities regulator ordered sanctions totalling more than $8.5 million in 2015
- By: James Langton
- March 16, 2016 December 19, 2017
- 13:50
PCAOB sanctions five broker-dealer audit firms
The orders reflect the U.S. audit regulator’s commitment to enforcing basic independence requirements
- By: James Langton
- March 15, 2016 December 19, 2017
- 16:40
U.K. man sentenced for failing to pay confiscation order
IIROC looks to the courts to boost its collection rate in Ontario
- By: James Langton
- March 15, 2016 December 19, 2017
- 11:30
OSC announces Continuous Disclosure Advisory Committee members
The CDAC advises OSC staff on the planning, implementation and communication of its continuous disclosure review program
- By: James Langton
- March 15, 2016 December 19, 2017
- 10:00
FINRA offers guidance for robo-advisors
Investors should be aware that conflicts of interest can exist even with digital investment advice
- By: James Langton
- March 15, 2016 December 19, 2017
- 09:20
SEC charges AIG affiliates with mutual fund shares conflicts
The firms have agreed to pay more than US$9.5 million to resolve the charges
- By: James Langton
- March 14, 2016 December 19, 2017
- 14:50
U.K. report aims to make financial advice work better for consumers
However, the report is not recommending a return to commission-based advice
- By: James Langton
- March 14, 2016 December 19, 2017
- 13:30
Basel Committee seeks comments on revisions to disclosure framework
Proposals would require banks to produce a new “dashboard” of key metrics
- By: James Langton
- March 11, 2016 December 19, 2017
- 14:30
IIROC lets some dealers omit off-book assets from client performance reporting
The self-regulatory organization granted 634 exemptions from specific rules in 2015
- By: James Langton
- March 11, 2016 December 19, 2017
- 14:00
Two former U.K. traders sentenced to prison for manipulating LIBOR benchmarks
The pair were participants in a scheme to rig the U.S. dollar and yen LIBORs
- By: James Langton
- March 11, 2016 December 19, 2017
- 10:50
Zika crisis may give rise to investment scams
SEC sees increased stock promotion by companies that claim to be developing products or services relating to the virus
- By: James Langton
- March 10, 2016 December 19, 2017
- 17:10
MFDA to ease conditions on reps serving as executors
Proposed amendments aim to clarify the limited circumstances in which reps can act under powers of attorney, or as trustees and executors for clients
- By: James Langton
- March 10, 2016 December 19, 2017
- 16:40
MFDA sets new record in enforcement proceedings
The SRO initiated 69 enforcement proceedings in 2015, up from 48 the year earlier, and concluded 65 cases resulting in total fines of $5.4 million
- By: James Langton
- March 10, 2016 December 19, 2017
- 15:40
IIROC seeks comments on “plain language” rule book
120-day comment period ends July 8
- By: James Langton
- March 10, 2016 December 19, 2017
- 15:30