Ontario to introduce OM exemption
Several other provinces will revise their OM exemption with a focus on strengthening investor protector
- By: James Langton
- October 29, 2015 December 19, 2017
- 10:35
Latest news in From the Regulators
Euro area banks move toward a “more traditional banking model”
Although the banking sector’s total assets dropped since the global financial crisis, they have improved capital positions
- By: James Langton
- October 29, 2015 December 19, 2017
- 09:00
Goldman to pay US$50M for not supervising banker
Firm revises by-laws to grant shareholders proxy access
- By: James Langton
- October 29, 2015 December 19, 2017
- 08:50
OSC hikes whistleblower payout limit to $5 million
Comments on the proposed policy are due by Jan. 12, 2016
- By: James Langton
- October 28, 2015 December 19, 2017
- 11:00
FINRA orders US$18M in restitution for overcharged clients
Five U.S. brokerage firms failed to waive mutual fund sales charges for charities and retirement accounts
- By: James Langton
- October 28, 2015 December 19, 2017
- 09:20
Assante fined $400K for failing to supervise branch properly
The branch in Red Deer, Alta., was staffed by former advisor Brian Malley, who was convicted of murdering a client earlier this year
- By: James Langton
- October 27, 2015 December 19, 2017
- 12:45
Contingency fund needed to cover investors’ losses, some argue
There’s much debate as to what the fund should cover, such as investment industry malfeasance, or a financial services firm’s insolvency
- By: James Langton
- October 27, 2015 December 19, 2017
- 10:20
DBRS to pay US$6 million to settle SEC charges
Credit rating agency charged with misrepresenting its surveillance methodology for ratings of certain complex financial instruments
- By: James Langton
- October 27, 2015 December 19, 2017
- 08:45
Australian equity markets not adversely affected by current levels of HFT, dark liquidity
ASIC publishes results of new reviews
- By: James Langton
- October 27, 2015 December 19, 2017
- 08:25
OSC to introduce whistleblower policy on Wednesday
The regulator is also continuing its examination into the need for a “best interests” standard for financial advisors
- By: James Langton
- October 26, 2015 December 19, 2017
- 13:30
OSC bans woman for illegal distributions, unregistered trading
“Immigration-linked investment schemes” raised $6.68 million
- By: James Langton
- October 23, 2015 December 19, 2017
- 14:15
BoE’s revised stress testing of banks may curb systemic risk
The central bank’s new approach would force banks to build up capital in times of perceived low risk, Fitch report finds
- By: James Langton
- October 23, 2015 December 19, 2017
- 09:40
U.S. authorities drop insider trading case against portfolio manager
Decision to dismiss case against Michael Steinberg and six others follows a U.S. Supreme Court decision to not hear an appeal of a lower court…
- By: James Langton
- October 23, 2015 December 19, 2017
- 09:05
Former fund rep agrees to delay registration application
Rep admitted to using pre-signed forms a for convenience
- By: James Langton
- October 22, 2015 December 19, 2017
- 17:30
Alberta man sentenced for multiple breaches of securities laws
Donald Nason banned from trading and acting as an advisor
- By: IE Staff
- October 22, 2015 December 19, 2017
- 15:45
OSC seeks new members for Securities Advisory Committee
Prospective committee members are expected to have a strong interest in regulatory policy
- By: James Langton
- October 22, 2015 December 19, 2017
- 14:15
SEC enforcement activity stronger in fiscal 2015
Results include significant number of high-impact and first-of-their-kind actions
- By: James Langton
- October 22, 2015 December 19, 2017
- 12:15
Court dismisses bid to stay sanctions in insider trading and tipping case
A stay would allow brokers brokers Paul Azeff and Korin Bobrow to engage in registerable activities
- By: James Langton
- October 22, 2015 December 19, 2017
- 11:50
CSA report finds fund commissions have an impact on sales, returns
The regulators have been considering several reforms and will communicate a policy direction on mutual fund fees by the first half of 2016
- By: James Langton
- October 22, 2015 December 19, 2017
- 10:30
European regulators consult on AML/CFT
New guidelines promote a common understanding of a risk-based approach to anti-money laundering and countering the financing of terrorism
- By: James Langton
- October 21, 2015 December 19, 2017
- 14:40
Australian bank to implement large scale advice remediation program
National Australia Bank will be contacting clients who may have received non-compliant advice
- By: James Langton
- October 21, 2015 December 19, 2017
- 13:45
OSC seeks ban on ex advisor convicted of fraud
Hearing to consider reciprocal order
- By: James Langton
- October 21, 2015 December 19, 2017
- 13:25
Bank of England publishes approach to stress testing U.K. banks
The new stress testing procedure will link the severity of the test to the financial cycle
- By: James Langton
- October 21, 2015 December 19, 2017
- 08:25
FINRA sanctions 12 firms a total of US$6.6 million
Firms failed to apply sales charge discounts to clients’ purchases of UITs
- By: James Langton
- October 20, 2015 December 19, 2017
- 14:25