SEC concerned with sales of structured products
The regulator’s compliance exams found weak suitability controls and significant weakness in supervision
- By: James Langton
- August 24, 2015 December 19, 2017
- 15:20
Latest news in From the Regulators
IIROC to raise members’ fees
The SRO will retain its surplus to cushion the impact of a new accounting standard and anticipated capital expenditures
- By: James Langton
- August 24, 2015 December 19, 2017
- 14:45
OSC seeks sanctions against admitted fraudster
Paul Camillo DiNardo is serving time in prison for his role in a couple of alleged investment scams
- By: James Langton
- August 24, 2015 December 19, 2017
- 13:25
FINRA sanctions Charles Schwab US$2 million
The U.S. brokerage firm had several control and supervisory failures that led to several brief capital deficiencies in 2014
- By: James Langton
- August 24, 2015 December 19, 2017
- 09:30
ASC issues fines and market bans against two brothers
The decision comes after the Cadman brothers violated the terms of a previous regulatory settlement they entered into in 2008
- By: James Langton
- August 21, 2015 December 19, 2017
- 14:50
FINRA to review firms’ approach to compensation-driven conflicts of interest
The SRO’s notice states that conflicts represent a recurring challenge that can compromise the quality of services firms and advisors provide
- By: James Langton
- August 21, 2015 December 19, 2017
- 09:35
OSC bans and fines three parties for role in illegal distribution
Portfolio Capital, David Rogerson and Amy Hanna-Rogerson were banned permanently and sanctioned for various infractions
- By: James Langton
- August 20, 2015 December 19, 2017
- 14:50
OSFI introduces draft guideline on operational risk management
The guideline calls for firms to integrate operational risk management fully within their overall risk-management programs
- By: James Langton
- August 20, 2015 December 19, 2017
- 13:40
Promontory Financial settles with New York regulator
Regulatory consulting firm to pay US$15M in settlement of Standard Chartered case
- By: James Langton
- August 19, 2015 December 19, 2017
- 10:30
Global regulators report on efforts to standardize reporting data on OTC derivatives
IOSCO, CPMI seek comments on consultative report
- By: James Langton
- August 19, 2015 December 19, 2017
- 10:00
BNY Mellon to pay US$14.8M to settle bribery case
Bank gave valuable internships to unqualified relatives of officials at a Middle Eastern sovereign wealth fund
- By: Marcy Gordon
- August 18, 2015 December 19, 2017
- 14:45
National securities regulator won’t pressure provinces to get onboard: chairman
William Black plans to travel to the non-participating provinces to “assure them that the door’s always open”
- By: Alexandra Posadzki
- August 18, 2015 December 19, 2017
- 14:45
OSC lays quasi-criminal charges on Waterloo woman
Following a settlement earlier this year, Michelle Dunk has been charged with alleged breaches of the Securities Act in a separate case
- By: James Langton
- August 17, 2015 December 19, 2017
- 11:15
OSC announces Investment Funds Product Advisory Committee members
The IFPAC advises OSC staff on product developments and innovations in the investment funds industry
- By: IE Staff
- August 17, 2015 December 19, 2017
- 10:15
FSCO aims to strengthen best practices for mortgage brokers
New checklist will help mortgage brokers detect and prevent fraud when conducting a mortgage transaction
- By: Fiona Collie
- August 13, 2015 December 19, 2017
- 11:30
CSA proposes harmonized reporting for the exempt market
The proposed report is intended to reduce the compliance burden for issuers and underwriters
- By: James Langton
- August 13, 2015 December 19, 2017
- 11:00
FCA outlines how it will apply accountability regime to U.K. branches of overseas banks
The new regime aims to ensure that senior managers can be held accountable for any misconduct that occurs on their watch
- By: James Langton
- August 13, 2015 December 19, 2017
- 10:45
Edward Jones to pay US$20M for overcharging clients in new muni bond sales
US$5.2 million will be distributed to clients, SEC says
- By: James Langton
- August 13, 2015 December 19, 2017
- 09:45
Banks need to improve internal capital planning efforts: OSFI
Federal regulator offers feedback on banks’ ICAAP submissions
- By: James Langton
- August 12, 2015 December 19, 2017
- 12:45
SEC fines ITG for allegedly trading against its own dark-pool customers
U.S. regulator levies record fine against alternative trading system
- By: James Langton
- August 12, 2015 December 19, 2017
- 08:50
Scotia Capital to pay $500,000 IIROC penalty
DWM Securities advisors sold exempt funds to hundreds of clients who didn’t qualify for a prospectus exemption
- By: James Langton
- August 11, 2015 December 19, 2017
- 14:55
Hackers charged in multi-million dollar insider trading scheme
U.S. authorities accuse group of profiting on hacked press releases
- By: James Langton
- August 11, 2015 December 19, 2017
- 12:55
La Terra corporations admit to violating Alberta securities laws
Two directors fined
- By: IE Staff
- August 10, 2015 December 19, 2017
- 13:00
SEC warns fraudsters are impersonating the regulator
The fake documents purporting to be from the U.S. regulator demand money from victims for fictitious securities law violations
- By: James Langton
- August 7, 2015 December 19, 2017
- 14:55
BCSC fines and bans man for role in Ponzi scheme
The fact Keith Henry Alexander lost his own money in the scheme and paid back $143,000 to other investors were mitigating factors in the settlement
- By: James Langton
- August 6, 2015 December 19, 2017
- 15:00