IIROC dismisses bids to limit hearing panel
The request for a panel constituted of members whose mother tongue is English is “not recognized by law”
- By: James Langton
- October 1, 2015 December 19, 2017
- 11:15
Latest news in From the Regulators
FINRA exam takers incorrectly received failing grades
Configuration error found in new version of Series 24 supervisory exam
- By: James Langton
- October 1, 2015 December 19, 2017
- 11:00
Alberta man convicted on 20 charges of breaching securities laws
The charges stem from the illegal sale of Locate Technologies Inc. securities
- By: IE Staff
- September 30, 2015 December 19, 2017
- 13:00
CFTC issues US$290K whistleblower award
The U.S. regulator says high quality information from whistleblowers is an essential part of its enforcement program
- By: James Langton
- September 30, 2015 December 19, 2017
- 09:30
Model law may help advisors prevent financial exploitation of seniors
NASAA’s proposal, which is now out for a 30-day comment, was introduced at its annual conference in San Juan, Puerto Rico, on Tuesday
- By: James Langton
- September 29, 2015 December 19, 2017
- 16:45
Alberta man jailed for role in investment scheme
This is the province’s first sentence to be handed down in a “pump and dump” market manipulation case
- By: James Langton
- September 29, 2015 December 19, 2017
- 15:30
New B.C. pension standards provide greater flexibility, security
Former plan members gain greater access to locked-in retirement accounts
- By: James Langton
- September 29, 2015 December 19, 2017
- 14:30
Credit Suisse Securities settles with SEC over faulty data
Brokerage firm to pay US$4.25 million penalty
- By: James Langton
- September 29, 2015 December 19, 2017
- 06:00
NASAA releases model fee disclosure schedule
The new voluntary model calls for disclosure of brokerage fees that includes all miscellaneous account and service fees, including account maintenance fees.
- By: James Langton
- September 28, 2015 December 19, 2017
- 13:00
CSA finds that more guidance needed to ensure gender diversity
Many issues need to improve the level and detail of disclosure that’s necessary to adhere to new requirements
- By: James Langton
- September 28, 2015 December 19, 2017
- 10:00
BCSC rules Alberta man and his companies carried out illegal distributions
However, allegations of fraud against Yong and his two firms were not proven at the BCSC’s hearing
- September 28, 2015 December 19, 2017
- 09:00
OSC refuses to re-register former mutual fund rep
The former Manulife advisor “lacks the necessary proficiency and integrity to be registered,” the OSC says
- By: James Langton
- September 25, 2015 December 19, 2017
- 09:15
U.S. derivatives regulator settles with Bitcoin trading venue
The settlement follows allegations that TeraExchange violated its own policies when it arranged a test trade that amounted to a wash trade
- By: James Langton
- September 24, 2015 December 19, 2017
- 13:40
IIROC reduces quiet periods for research analysts
The amendments, which are effective Sept. 25, aim to ensure there’s a level playing field between Canada and the U.S.
- By: James Langton
- September 24, 2015 December 19, 2017
- 12:20
CSA guidance on robo-advisors focuses on human involvement
Registration requirements are the same for all portfolio managers in Canada, whether they operate a traditional bricks and mortar model or an online model
- By: James Langton
- September 24, 2015 December 19, 2017
- 11:45
CSA makes changes to rights offering exemption
The amendments aim to address concerns that issuers rarely use the prospectus-exempt rights offering to raise capital because of the time and cost involved
- By: James Langton
- September 24, 2015 December 19, 2017
- 11:35
FINRA issues alert about smart beta index funds
U.S. regulator warns of risks, complexity and expenses
- By: James Langton
- September 23, 2015 December 19, 2017
- 12:40
Nova Scotia bans former mutual fund rep
Timothy Wade MacDonald pled guilty to eight counts of fraud
- By: James Langton
- September 23, 2015 December 19, 2017
- 12:05
SEC settles with R.T. Jones over cybersecurity breach
The firm has agreed to cease and desist from committing any future violations, to be censured and to pay a US$75,000 penalty
- By: James Langton
- September 23, 2015 December 19, 2017
- 06:50
AMF warns investors about A&L Royal Finance
The Quebec regulator is following in the footsteps of the BCSC, which issued a warning about this firm in May
- By: Tessie Sanci
- September 22, 2015 December 19, 2017
- 15:10
New York regulator issues first license for virtual currency to Circle Internet Financial
Department of Financial Services spokesperson says regulator is reviewing applications from 24 other companies
- By: Michael Virtanen
- September 22, 2015 December 19, 2017
- 14:05
SEC proposes rule reforms for U.S. mutual funds and ETFs
Comprehensive reforms will require the adoption of measures for funds to manage their liquidity risk
- By: James Langton
- September 22, 2015 December 19, 2017
- 13:50
Despite decline in enforcement activity, U.S. state regulators remain busy
Unregistered securities distributions and unregistered investment professionals are still the most common complaints
- By: James Langton
- September 22, 2015 December 19, 2017
- 13:35
CSI to remain IIROC’s sole provider of proficiency education until 2020
IIROC is adopting a new model that will see it award the job of delivering industry education to a single provider for five-year terms
- By: James Langton
- September 22, 2015 December 19, 2017
- 11:10
Women representation on boards still very low, but growing
The results of research on Alberta-based issuers reveal that women representation on boards varies greatly depending on a company’s size
- By: James Langton
- September 22, 2015 December 19, 2017
- 10:55