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Businessmen trading stock looking at graphs indexes and numbers on multiple computer screens

CFTC report finds sharp price movements have not increased

Such sharp price movements are “linked to volatility, market fundamentals, and news and data releases”


Whistleblower program sparks enforcement action

OSC’s offer of financial compensation has generated 200 tips resulting in several active investigations

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SEC proposes amendments to whistleblower rules

The updated rules would be designed to make it easier to pay financial rewards to tipsters

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SEC, CFTC sign updated MOU

The revised agreement is aimed at addressing issues such as the regulation of swamps and security-based swaps

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Lutheran Church accused of securities violations in failed housing investment

Operators of the long-running investment program failed to tell investors how the money was being used or at what risk

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IIROC inches closer to introducing client identifiers on trades

The SRO has launched a second consultation on the proposals, which may have “significant impacts” on the investment industry

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Cryptoasset owners have poor understanding of the investment

The top reason among investors for buying into cryptoassets was interest in new technologies followed by speculation

Canadian individual tax form T1 close-up

Tax gap could be costing billions

Latest CRA study finds government could be losing up to 2.2% of individual tax revenue through offshore tax evasion

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OSFI to revise guidance on accounting rules

The new accounting rules that come into effect on Jan. 1, 2021 will have an impact on the capital rules for life and P&C insurers

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IIROC fines and bans former trader permanently

Robert Sole took a job with a proprietary trading firm while suspended, violating the terms of a 2016 settlement agreement

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Firms unprepared for benchmark reform: report

Only 12% of global financial firms have started planning for move from LIBOR toward new benchmarks

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European regulators warn of Brexit-related risks

Financial services firms in the EU and the U.K. must identify potential risks and exposures stemming from the departure of the U.K. without an agreement

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ASC launches “new economy” division

New division will co-ordinate regulator’s work in enabling new-economy companies to raise capital

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IIROC to provide further guidance on conflicts of interest

The SRO also plans to review the regulation of advice to ensure the rules enable innovation in the industry

Toronto bank towers

OSFI publishes details of capital buffers for big banks

The federal banking regulator will review the buffer on a semi-annual basis, with the first review slated for December 2018

Closeup of mallet being hit on stacked coins at table in courtroom

MFDA approves settlement with Equity Associates

Mutual fund dealer fined $125,000 for compliance failings

  • By: IE Staff
  • June 22, 2018 June 22, 2018
  • 14:30
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Split reactions to CSA proposals

Industry groups and investor advocates agreed on some of the proposed rules, but opinions were divided on the decision to allow embedded commissions to remain…

Downtown office buildings Toronto

Opinion: CSA decision a big win for the industry

Dealers and advisors can breathe a sigh of relief that there is no blanket ban on trailer commissions and no statutory best interest standard

  • By: IE Staff
  • June 21, 2018 June 22, 2018
  • 10:05
financial advisor explaining investment plan to couple on laptop at office desk

CSA stands pat on embedded commissions

But regulators are banning DSCs and enhancing regulatory requirements for registrants to avoid situations that place them in a conflict of interest

MFDA 2018-2022 Strategic Plan

MFDA strategic plan focuses on three key priorities

The SRO is placing a high priority on embracing innovation within the investment industry in a manner that meets regulatory requirements and protects investors

  • By: IE Staff
  • June 19, 2018 June 19, 2018
  • 16:45
loseup portrait senior man protecting a piggy bank

CSA urges Canadians to watch for signs of financial abuse of older Canadians

The effects of financial abuse frequently go well beyond the pocketbook

  • By: IE Staff
  • June 18, 2018 June 18, 2018
  • 06:00
Closeup of mallet being hit on stacked coins at table in courtroom

Ben Cheng to pay $400,000 in Amaya insider tipping settlement

Former Aston Hill fund manager agrees to testify as a witness for the OSC

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FINRA initiative aims to transform registration

New technology will lead to enhanced efficiencies and reduced compliance costs for firms

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OSC alleges Caldwell failed to fulfill its best execution obligations

Regulator to consider allegations against portfolio and investment manager at July 3 hearing

Quebec National Assembly exterior

Quebec government passes Bill 141

The legislation will boost the ability of self-regulatory organizations to carry out their mandates