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
Latest news in From the Regulators
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
SEC completes muni-underwriter enforcement sweep
72 firms charged since June 2015
- By: James Langton
- February 2, 2016 December 19, 2017
- 17:30
FCA review finds compliance failings with CFDs
The U.K. regulator has concerns with suitability and disclosure failures
- By: James Langton
- February 2, 2016 December 19, 2017
- 14:00
ESMA finds evidence of closet indexing
European regulators are concerned the practice may harm retail investors
- By: James Langton
- February 2, 2016 December 19, 2017
- 11:30
IIROC seeks greater enforcement powers in Ontario
The SRO wants the ability to enforce its hearing panel penalty decisions through Ontario’s courts as well as statutory immunity for its staff
- By: James Langton
- February 1, 2016 December 19, 2017
- 16:10
NASAA members adopt model act to protect seniors and vulnerable adults
The act will create incentives for advisors to report possible exploitation as soon as possible
- By: James Langton
- February 1, 2016 December 19, 2017
- 16:00
Wall Street firms reach settlement on dark pool violations
Barclays Capital, Credit Suisse Securities paying more than US$150 million to settle charges with SEC
- By: James Langton
- February 1, 2016 December 19, 2017
- 10:00
U.S. DOL fiduciary rule at OMB
SIFMA calls for a thorough review of the proposed rule, and all of its implications
- By: James Langton
- January 29, 2016 December 19, 2017
- 14:45
MFDA fines firm $4 million for selling fraudulent product
The firm’s director was fined $250,000 and permanently banned almost 10 years after the fraud was uncovered
- By: James Langton
- January 29, 2016 December 19, 2017
- 12:30
Toronto hedge fund manager settles with SEC
QED Benchmark Management LLC and Peter Kuperman agree to reimburse investors US$2.9 million losses
- By: James Langton
- January 29, 2016 December 19, 2017
- 11:30