Latest news in From the Regulators

United States flag with Bitcoin cryptocurrency

U.S. regulators reach US$100-million deal with crypto platform

BitMEX settles with CFTC, U.S. Treasury for registration and anti-money-laundering violations

  • August 10, 2021 August 10, 2021
  • 15:57
tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports.

Shining more sunlight on FSRA’s enforcement efforts

Regulator proposes guidance on enhancing enforcement transparency

plan idea

CFRs, crypto, online advice top OSC’s compliance agenda

Annual report from OSC compliance branch signals exam targets for the year ahead

businessman in a desk with financial advisor nameplate

Advisor title regulation on tap for New Brunswick

FCNB launches consultation to address investor confusion surrounding industry titles

Bitcoin

AMF shuts down crypto charity scheme

Regulator secures orders against crypto promoters

vintage microphones

SEC commissioner decries poor guidance, enforcement in crypto space

A popular trading platform has settled allegations that it violated rules as an unregistered exchange

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Court approves Bridging Finance sale process

PwC will hold a two-stage sale for the fund manager and its assets

Block letters spelling fraud, with magnifying glass

Massive microcap fraud scheme run from Canada, SEC says

The alleged schemes generated over US$1 billion in penny stock sales

Whistleblower

More than US$3.5M awarded to three whistleblowers

The SEC has given out approximately US$950 million to 193 whistleblowers since 2012

  • By: IE Staff
  • August 6, 2021 August 6, 2021
  • 15:17
gavel on a laptop

SEC orders US$13M in disgorgement, penalties in first decentralized finance case

Two men from Florida agreed to the penalties without admitting or denying the charges

  • By: IE Staff
  • August 6, 2021 August 6, 2021
  • 13:38
business people standing in line under a magnifying glass

Two firms refused to compensate clients last year, report says

OBSI’s Joint Regulators Committee said client compensation has fallen $1.3 million short of the recommended payout over three years

House placed on coins Men's hand is planning savings money of coins to buy a home concept concept for property ladder, mortgage and real estate investment. for saving or investment for a house,

FSRA guidance on mortgage sector code takes effect

The Ontario regulator said it will consider adherence to the code when assessing suitability for licensing

  • By: IE Staff
  • August 5, 2021 August 5, 2021
  • 12:15
man using mobile phone

Government advisory group on open banking wants new rules in place by 2023

The report said technology has outstripped regulation in a rapidly changing financial services industry

  • By: Ian Bickis
  • August 5, 2021 August 5, 2021
  • 11:27
Silhouttes of Two Business People Having a Handshake

Plan for new SRO gets positive reviews from advocates, industry

The CSA's plan received broad support, but there's plenty of work to do on the details

woman working from home with her dog

Highest proportion of at-home workers are in finance, insurance

Industry and firm size are key factors in the ability to work from home, StatsCan says

  • By: IE Staff
  • August 4, 2021 August 4, 2021
  • 11:39
parliament hill

Advocates hopeful new federal disability benefit could improve access

The Liberal government's proposed Canada Disability Benefit would be modelled on the guaranteed income supplement

a man pushing a giant ball while others push squares

Insurers’ supervision of MGAs falls short, Ontario regulator says

FSRA releases findings from a review and outlines next steps

  • By: IE Staff
  • July 29, 2021 July 29, 2021
  • 15:27

BoC appoints director of retail payments supervision

The position supports a new mandate of the central bank

  • By: IE Staff
  • July 29, 2021 July 29, 2021
  • 12:11
Financial stock exchange market display screen board on the street

CSA proposes streamlined capital raising

The proposal would allow eligible issuers to raise up to $10 million annually

  • By: IE Staff
  • July 28, 2021 July 28, 2021
  • 15:04
Businessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing

IIROC’s client identifier requirements take full effect

The measures enhance market monitoring and investigations

  • By: IE Staff
  • July 28, 2021 July 28, 2021
  • 13:34
Piggybank With Eyeglasses And Calculator On Wooden Table, TFSA, RRSP

FSRA issues guidance for pension plan administrators

The guidance details administrators' fiduciary duties, including addressing conflicts

  • By: IE Staff
  • July 28, 2021 July 28, 2021
  • 12:56
client meeting

Investment fund charges should be included in fee summaries: report

A report for the MFDA uses behavioural insights to recommend expanded cost reporting

think outside of the box

MFDA’s new CE regime to launch in the fall

Fund dealers' first CE cycle to kick off on Dec. 1

Close up of businessman hands making handshake - greeting, dealing, merger and acquisition concepts

PwC denies report of potential Bridging Finance sale

The receiver plans to file materials next week seeking court approval for a sale process