OSFI revises corporate governance guideline
The most significant changes are in the areas of board effectiveness at federally regulated financial institutions
- By: James Langton
- January 28, 2013 January 28, 2013
- 10:15
Latest news in From the Regulators
UK tribunal upholds $12.8 million Swift Trade FSA fine
Layering activity constituted “market abuse”
- By: James Langton
- January 28, 2013 January 28, 2013
- 09:50
SEC’s proposal to lift ad ban poses risk for investors
Lifting the ban may present investors with risk from misleading advertising from alternative asset managers
- By: James Langton
- January 24, 2013 January 24, 2013
- 17:15
Obama picks White to head SEC
U.S. attorney brings knowledge of securities markets and commitment to investor protection
- By: James Langton
- January 24, 2013 January 24, 2013
- 17:00
OSC gives more time for exemption feedback
Consultation deadline extended until March 8
- By: James Langton
- January 24, 2013 January 24, 2013
- 16:30
Electronic filing fees poised to fall
System fees to decline for SEDAR, SEDI and NRD
- By: James Langton
- January 24, 2013 January 24, 2013
- 14:20
Leverage strategy breached suitability obligations: MFDA panel
Fund salesman’s recommendations had “devastating consequences” for clients, panel says
- By: Fiona Collie
- January 23, 2013 January 23, 2013
- 16:45
ASC settles with former Canadian Oil Sands chief
Kimball agrees to pay $25,000 fine
- By: IE Staff
- January 23, 2013 January 23, 2013
- 16:00
SEC commissioners balk at IOSCO suitability guideline
Final report does not “accurately reflect” U.S. law
- By: James Langton
- January 23, 2013 January 23, 2013
- 11:05
ASC proposes new rule for producing records
Rule provides standards and guidance for producing records in the electronic age
- By: James Langton
- January 22, 2013 January 22, 2013
- 12:15
IIROC issues summary “short report”
Report sets out the proportion of short sales in the total trading activity of each listed security across all equity marketplaces
- By: James Langton
- January 22, 2013 January 22, 2013
- 11:45
FSCO orders firm to stop offering insurance
Regulator alleges Preimier Insurance Solutions obtained temporary auto insurance for members of the public using false personal information
- By: James Langton
- January 21, 2013 January 21, 2013
- 17:15
Portfolio Strategies pays $35,000 fine
MFDA fines firm over trade supervision, record keeping
- By: Fiona Collie
- January 21, 2013 January 21, 2013
- 16:40
Payday loan business a Ponzi scheme, BCSC alleges
Regulator alleges Doris Nelson used Little Loan Shoppe to perpetrate a multimillion dollar fraud, and made false statements to the commission
- By: IE Staff
- January 21, 2013 January 21, 2013
- 14:30
European regulators call for better disclosure on goodwill impairment
Recommendations aimed at improving the overall disclosure provided by issuers
- By: James Langton
- January 21, 2013 January 21, 2013
- 12:15
IOSCO guideline aims to ensure suitability for complex products
The goal of the nine principales is to promote investor protection
- By: James Langton
- January 21, 2013 January 21, 2013
- 09:50
OSC appoints SPAC members
Securities Proceedings Advisory Committee to meet quarterly
- By: IE Staff
- January 18, 2013 January 18, 2013
- 16:15
IIROC bans former rep for forgery
Prior forged his siblings’ signatures on guarantees for his personal investment account
- By: Fiona Collie
- January 17, 2013 January 17, 2013
- 17:10
CSA issues guidance for advising reps
Experience at an investment dealer may not qualify an applicant for AR registration at a portfolio manager
- By: James Langton
- January 17, 2013 January 17, 2013
- 12:35
FINRA launches phone mediation pilot program
Free, or reduced-fee mediation available to cases involving claims of US$50,000 or less
- By: James Langton
- January 17, 2013 January 17, 2013
- 08:00
Montreal rep fined $30,000
IIROC panel imposes sanctions for misconduct
- By: IE Staff
- January 16, 2013 January 16, 2013
- 15:40
OSC wins sentence appeal on repeat offender
Sentences give to Abel Da Silva will be served consecutively, not concurrently
- By: IE Staff
- January 16, 2013 January 16, 2013
- 14:15
Goldman, Morgan Stanley settle over foreclosure practices
Banks to pay US$557 million to help mortgage borrowers
- By: James Langton
- January 16, 2013 January 16, 2013
- 12:05
IIROC panel dismisses charges against Berry
Regulator failed to make its case against former Scotia Capital star trader, panel rules
- By: James Langton
- January 16, 2013 January 16, 2013
- 11:30
FSA issues guidance on sales incentives
The goal is to help firms avoid incentives that drive mis-selling
- By: James Langton
- January 16, 2013 January 16, 2013
- 10:20