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
120-day comment period ends July 8
Ontario’s provincial regulator aims to achieve “better alignment between the interests of investors and their advisors,” according to its draft statement of priorities
Regulators warn that firm may be further targeting victims
The New Jersey man was convicted of stealing millions of dollars from several clients
Peter Driscoll named chief risk and strategy officer
Industry requests more to time to consider implications of allowing dealers to employ mutual fund reps, and allowing investment reps to set up personal corporations
Report calls on senior management to manage cyber risk
Although there were more cases brought in 2015, fewer regulatory proceedings were concluded during the past year, a new OSC report states
Senior executives can delegate tasks but cannot delegate responsibility
The proposed revisions would introduce a single, standard that methodology that would make calculations more comparable
CSA report says access to case management database not adequately restricted, among other findings
New rules will make it easier for orders made in one jurisdiction to apply across the country
The review found problems with the disclosure of charges clients are incurring for life insurance products closed to new business
Wasseem Dirani was also fined $266,000 for misappropriating money from clients, among other regulatory violations
Harmful conduct in retail markets can include investment fraud, negligence and mis-selling of complex, structured retail products
A new review from the Basel Committee indicates that banks are meeting their basic common equity Tier 1 capital requirements
Michael Ross Curtler pled guilty to market manipulation in the U.S.
Nominations for council members, which could be selected to serve on three-person hearing panels, are due March 31
The OSC’s allegations state that Mark Rotstein and his firm “had been engaging in unlawful trading and advising for a year”
The suspension follows an OSC decision banning Paul Azeff and Korin Bobrow
The issue of managing liquidity has become more challenging for fund managers since the financial crisis, the FCA reports
The guidelines, which are based on global principles developed in the wake of the financial crisis, will come into effect on Sept. 1
The proposal aims to improve transparency to retail investors