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
Latest news in From the Regulators
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
OSC to propose introduction of “best interest” standard
Ontario’s provincial regulator aims to achieve “better alignment between the interests of investors and their advisors,” according to its draft statement of priorities
- By: James Langton
- March 10, 2016 December 19, 2017
- 12:30
SEC settles with binary options firm
Regulators warn that firm may be further targeting victims
- By: James Langton
- March 9, 2016 December 19, 2017
- 13:50
Former U.S. broker gets five-year jail sentence
The New Jersey man was convicted of stealing millions of dollars from several clients
- By: James Langton
- March 9, 2016 December 19, 2017
- 10:20
SEC announces creation of Office of Risk and Strategy
Peter Driscoll named chief risk and strategy officer
- By: James Langton
- March 8, 2016 December 19, 2017
- 15:30
IIROC extends white paper comment deadline
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
- By: James Langton
- March 8, 2016 December 19, 2017
- 12:00
Australian regulator warns industry on cyber resilience
Report calls on senior management to manage cyber risk
- By: James Langton
- March 7, 2016 December 19, 2017
- 16:15
OSC enforcement activity increases in 2015
Although there were more cases brought in 2015, fewer regulatory proceedings were concluded during the past year, a new OSC report states
- By: James Langton
- March 7, 2016 December 19, 2017
- 13:05
New accountability regime for U.K. banks and insurers comes into force
Senior executives can delegate tasks but cannot delegate responsibility
- By: James Langton
- March 7, 2016 December 19, 2017
- 11:10
Basel Committee aims to revise banks’ calculation of operation risk
The proposed revisions would introduce a single, standard that methodology that would make calculations more comparable
- By: James Langton
- March 4, 2016 December 19, 2017
- 11:35
Regulators flag enforcement issues at IIROC
CSA report says access to case management database not adequately restricted, among other findings
- By: James Langton
- March 3, 2016 December 19, 2017
- 14:15