More needs to be done to prevent insider trading: OSC
A review report of insider reporting from the OSC found “material insider reporting deficiencies” in approximately 70% of issuers
- By: James Langton
- February 18, 2016 December 19, 2017
- 11:20
Latest news in From the Regulators
SEC settles with former analyst
The U.S. regulator alleged that the analyst certified a rating on a stock that was inconsistent with his personal view
- By: James Langton
- February 17, 2016 December 19, 2017
- 14:00
OSC launch of investor education effort draws praise
Investment industry and investor advocate groups are praising the launch of new Fact Cards that can be used to educate investors on various topics
- By: James Langton
- February 17, 2016 December 19, 2017
- 12:30
Former advisor sentenced to four years in jail
Roger Schoer ordered to pay $109,000 in restitution for fraud
- By: James Langton
- February 17, 2016 December 19, 2017
- 09:40
BoC plans changes to foreign exchange rate data
The proposed changes reinforce the distinction between FX rate fixings used as benchmarks for transactions and the exchange rates that the BoC publishes for informational…
- By: James Langton
- February 16, 2016 December 19, 2017
- 16:25
ESMA consults on implementation of benchmarks regulation
European regulator seeks feedback on discussion paper
- By: James Langton
- February 16, 2016 December 19, 2017
- 15:50
SEC bulletin educates investors on crowdfunding
Starting May 16, companies can use crowdfunding to offer and sell securities to the investing public in the U.S.
- By: James Langton
- February 16, 2016 December 19, 2017
- 15:15
Provinces propose changes to derivatives trade report rules
Regulators aim to establish public transparency requirements
- By: James Langton
- February 16, 2016 December 19, 2017
- 14:00
Florida man gets prison for defrauding investors of US$3.3 million
Cecil Speight carried out his fraud through his ownership of International Stock Transfer
- By: The Associated Press
- February 12, 2016 December 19, 2017
- 16:30
IIROC drops proposal for introducing brokers
Citing lack of support, the regulator has decided not to proceed with a proposal to adopt lower minimum capital requirements for this firm
- By: James Langton
- February 11, 2016 December 19, 2017
- 17:40
Compensation researchers stay mum on recommendations
Edwin Weinstein and Douglas Cumming explained the results of their work in a webinar, but steered clear of suggesting specific regulatory intervention
- By: James Langton
- February 11, 2016 December 19, 2017
- 15:50
CI to pony up $156.1 million in compensation, plus make voluntary payment to the OSC
The investor compensation represents the largest amount in an Ontario Securities Commission no-contest settlement since the process was introduced
- By: James Langton
- February 11, 2016 December 19, 2017
- 09:25
OSFI takes temporary control of Maple Bank’s Canadian branch
Action intended to protect depositors and creditors after German regulator shuts down bank
- By: James Langton
- February 10, 2016 December 19, 2017
- 17:45
OSC seeks members for continuous disclosure advisory committee
Applications due by Feb. 24
- By: James Langton
- February 10, 2016 December 19, 2017
- 14:30
IAS reaches settlement with IIROC
The firm was fined a penalty of $75,000 and charged costs of $15,000 resulting from the inappropriate trading of leveraged ETFs
- By: James Langton
- February 10, 2016 December 19, 2017
- 09:45
CSA commissioned analysis reiterates, expands conclusions of Cumming’s report
Authors of report on mutual fund fee and distribution structures respond to many questions about their research
- By: James Langton
- February 9, 2016 December 19, 2017
- 13:20
U.K. fines former JPMorgan exec US$1.1M in “London Whale” case
The former officer failed to communicate openly with the Financial Conduct Authority amid growing concerns about the firm’s synthetic credit portfolio in 2012
- By: James Langton
- February 9, 2016 December 19, 2017
- 11:00
Phony angel investor gets jail time
Omokhodion Oshingbeme sentenced after pleading guilty to fraud
- By: James Langton
- February 8, 2016 December 19, 2017
- 15:15
MFDA announces client research project
The self-regulatory organization has retained Investor Economics to perform analysis on the geographic, demographic and wealth footprint of fund dealers’ clients
- By: James Langton
- February 8, 2016 December 19, 2017
- 13:30
OSC to hold settlement hearing with CI next week
An OSC notice indicates that the proposed settlement will be on a no-contest basis, which means CI would not have to admit to any wrongdoing
- By: James Langton
- February 5, 2016 December 19, 2017
- 17:00
ASC sanctions two men for breaching securities laws
Pair fined for illegal trades and distributions of Global 8, Halo Property Services and Canadian Alternative Resources securities
- By: IE Staff
- February 5, 2016 December 19, 2017
- 15:15
Swiss bank to pay US$547 million to settle tax evasion case
Former bankers plead guilty
- By: James Langton
- February 5, 2016 December 19, 2017
- 11:00
Canada, Switzerland to share financial account information
Feds move forward to address tax evasion through the automatic exchange of tax information
- By: James Langton
- February 5, 2016 December 19, 2017
- 10:20
Basel Committee expands anti-money laundering guidelines
Revised guidance incorporates the “significant enhancements” to protect banks
- By: James Langton
- February 4, 2016 December 19, 2017
- 17:25
MFDA bans advisor and fines him $5 million
Conrad Eagan was found to have stolen about $3.5 million from former clients. He faces criminal charges, civil lawsuits and other investigations
- By: James Langton
- February 3, 2016 December 19, 2017
- 12:00