OSC bans convicted fraudster Paul DiNardo
Ponzi schemes bilked approximately $13 million from investors
- By: James Langton
- January 26, 2016 December 19, 2017
- 16:25
Latest news in From the Regulators
Crowdfunding regime takes effect
Companies are required to distribute their securities through registered funding portals
- By: James Langton
- January 25, 2016 December 19, 2017
- 14:50
Provincial, territorial securities regulators implement derivatives reporting rules
New rules harmonized with regimes in Manitoba, Ontario and Quebec
- By: James Langton
- January 22, 2016 December 19, 2017
- 13:30
OSFI proposes new guideline on bank disclosure
The draft guideline sets out the federal banking regulator’s expectations for disclosure of credit and market risk under Basel III
- By: James Langton
- January 22, 2016 December 19, 2017
- 10:25
CSA proposes new rules for OTC derivatives markets
The proposals aim to guard against systemic risk and boost customer protection in derivatives markets
- By: James Langton
- January 21, 2016 December 19, 2017
- 12:10
Emerging market regulators reinforce commitment to strengthen resilience
IOSCO Growth and Emerging Markets Committee discusses rising risks at Indonesia meeting
- By: James Langton
- January 21, 2016 December 19, 2017
- 12:00
IMF paper examines how to curtail the risks of virtual currencies
Distributed ledger technology can lower costs also shorten the time required to settle securities transactions
- By: James Langton
- January 20, 2016 December 19, 2017
- 15:35
New Bank Start-up Unit launched by U.K. financial regulators
The unit aims to help those who want to start a new bank in the U.K. navigate the regulatory process
- By: James Langton
- January 20, 2016 December 19, 2017
- 11:05
BCSC panel finds former advisor committed fraud
Thomas Williams and his companies raised approximately $11.7 million from investors
- By: James Langton
- January 19, 2016 December 19, 2017
- 16:15
Man arrested in Mexico and returned to Canada to face fraud trial
The ASC has charged Kenneth Fower with fraud in relation to the sale of sale of The Investment Exchange Mortgage Corp. securities
- By: James Langton
- January 18, 2016 December 19, 2017
- 16:15
SEC awards whistleblower more than US$700,000
Researcher’s analysis led to enforcement action
- By: James Langton
- January 15, 2016 December 19, 2017
- 15:00
Feds propose changes to the tax treatment of certain trusts and estates
The proposals concern investment funds, charitable donations and spousal trusts
- By: James Langton
- January 15, 2016 December 19, 2017
- 14:15
Baby boomers at greater risk of fraud, ASC warns
List of top investor risks for 2016 also includes investors turning to social media for information, advice, or investment recommendations
- By: James Langton
- January 15, 2016 December 19, 2017
- 13:15
Alberta court rejects challenge to ASC’s investigative powers
The ASC could not meet the objectives of securities regulation without having the power to investigate and compel information, court rules
- By: James Langton
- January 15, 2016 December 19, 2017
- 11:00
Proper disclosure needed for non-GAAP reporting: CSA
CSA staff notice says this type of financial reporting “may mislead investors” if it’s not accompanied by appropriate disclosure
- By: James Langton
- January 14, 2016 December 19, 2017
- 15:00
MFDA to carry out new review of sales incentives
New bulletin also states that the SRO is concerned about the prevalence of reps falsifying client signatures
- By: James Langton
- January 14, 2016 December 19, 2017
- 14:25
MSC: Unregistered firms targeting Manitoba investors
Two offshore platforms are using social media to solicit investors
- By: James Langton
- January 14, 2016 December 19, 2017
- 12:45
NSSC: Amendments enhance regulator’s authority
Scope of compliance examinations expanded to include exempt market issuers and derivatives market participants
- By: James Langton
- January 14, 2016 December 19, 2017
- 12:20
OSC’s new crowdfunding regime receives approval
Startups will be able to raise capital from ordinary retail investors online without a prospectus, subject to certain conditions, as of Jan. 26
- By: James Langton
- January 14, 2016 December 19, 2017
- 11:25
Basel Committee issues revised framework for market risk capital requirements
The revised market risk framework comes into effect on Jan. 1, 2019
- By: James Langton
- January 14, 2016 December 19, 2017
- 09:50
FSCO warns of mystery shopper scam
Advance fee scam targets Allstate Insurance
- By: James Langton
- January 13, 2016 December 19, 2017
- 17:25
Exempt market: New prospectus exemption focuses on suitability of advice
Five provincial regulators are aiming to help facilitate the raising of capital and to make it easier for investors to participate in private placements
- By: James Langton
- January 13, 2016 December 19, 2017
- 15:15
MFDA to regulate reps’ use of financial planner title
Most of the 29 comments the SRO received on a consultation paper contemplating rule amendments were supportive of the idea
- By: James Langton
- January 13, 2016 December 19, 2017
- 10:15
OSFI deputy outlines revised capital requirements for banks
Revised requirements will be tied to housing prices and household debt levels
- By: James Langton
- January 12, 2016 December 19, 2017
- 16:00
MFDA bans and fines advisor $500,000
Former HollisWealth advisor admitted to soliciting and accepting more than $2 million from clients and others and depositing those funds into accounts under his control
- By: Tessie Sanci
- January 12, 2016 December 19, 2017
- 12:35