Foreign notes program not subject to Bank Act, OSFI rules
Foreign banks selling their debt to Canadian securities dealers are not carrying on business in Canada, regulators says
- By: James Langton
- July 22, 2007 July 22, 2007
- 15:35
Latest news in From the Regulators
CSA concerned about disclosure in linked note prospectuses
Notice provides guidance to issuers
- By: James Langton
- July 22, 2007 July 22, 2007
- 14:45
OSC approves change to MFDA hearing by-law
Proposal allows a panel to consist of two members if an industry representative is unable to continue serving on the panel
- By: James Bagnall
- July 22, 2007 July 22, 2007
- 14:35
Banks no longer need OSFI approval to process data outside of Canada
Regulator expects institutions to ensure processing is in compliance with guidelines dealing with outsourcing
- By: James Langton
- July 20, 2007 July 20, 2007
- 09:40
IDA fines Montreal man $30,000
Regulator places Brunetta under supervision for six months
- By: IE Staff
- July 19, 2007 July 19, 2007
- 11:45
IDA enhances Web site
Rules now linked to bulletins
- By: James Langton
- July 18, 2007 July 18, 2007
- 15:30
U.S. federal and state agencies announce pilot project to improve supervision of subprime mortgage lenders
Pilot scheduled to begin in fourth quarter
- By: James Langton
- July 18, 2007 July 18, 2007
- 07:15
IDA fines 3Macs advisor $130,000
Trudeau failed to use due diligence in executing client trades
- By: IE Staff
- July 16, 2007 July 16, 2007
- 14:20
UBS reaches settlement with New York Attorney General on fee-based program
UBS will reimburse customers US$21.3 million and pay a US$2 million penalty for inappropriately steering customers into fee-based accounts
- By: James Langton
- July 16, 2007 July 16, 2007
- 13:15
U.S. energy trading firm to pay US$11 million to resolve criminal allegations
U.S. DoJ agrees not to file criminal charges
- By: James Langton
- July 16, 2007 July 16, 2007
- 07:35
Sask. and N.B. regulators issue cease trade orders
Saxon Consultants, Saxon Financial ordered to stop selling gasoline and foreign currency options
- By: James Langton
- July 15, 2007 July 15, 2007
- 16:15
New OSC rule designates matching service utilities as market participants
Rule will protect investors, regulator says
- By: James Langton
- July 15, 2007 July 15, 2007
- 15:15
MFDA moves to increase clarity in handling of client complaints
The Mutual Fund Dealers Association of Canada is proposing policy amendments designed to clarify firms’ obligations when handling client complaints.The proposed amendments to the MFDA’s…
- By: James Langton
- July 15, 2007 July 15, 2007
- 14:45
CSA enforcement efforts result in over $3.8 million in fines
The Canadian Securities Administrators members’ latest joint report on enforcement activities shows efforts of securities regulators over the six-month period ended March 31, 2007 resulted…
- By: IE Staff
- July 13, 2007 July 13, 2007
- 10:25
ASC settles illegal insider trading with Calgary lawyer
Lockwood agrees to pay $25,000 and cease trading for a period of five years
- By: IE Staff
- July 12, 2007 July 12, 2007
- 13:55
SEC expands interactive data program to include mutual fund Information
Amendments enable mutual funds to submit risk/return summary information from their prospectuses
- By: James Langton
- July 12, 2007 July 12, 2007
- 10:40
SEC votes to adopt antifraud rule under Investment Advisers Act
New rule will clarify commission’s ability to bring enforcement actions
- By: James Langton
- July 12, 2007 July 12, 2007
- 08:30
IDA imposes permanent ban on Quebec man
Regulator fines Petriello $150,000 for misappropriating client funds
- By: IE Staff
- July 12, 2007 July 12, 2007
- 07:25
ASC orders lifetime bans and $650,000 penalty against Brost
Brost at the cente of scheme to lure investors into putting money into securities of Strategic Metals
- By: IE Staff
- July 11, 2007 July 11, 2007
- 16:10
NASD fines Securities America US$375,000 for improperly sharing directed brokerage payments
Firm failed to adequately supervise broker’s communications with his union-sponsored retirement plan clients
- By: James Langton
- July 11, 2007 July 11, 2007
- 15:15
ASC finds Topsis engaged in illegal trades and distributions
Hearing to consider sanctions
- By: IE Staff
- July 11, 2007 July 11, 2007
- 10:10
OSC releases statement of governance practices and 2007 annual report
Statement represents a major step toward greater transparency by Ontario regulator
- By: IE Staff
- July 10, 2007 July 10, 2007
- 14:50
BCSC fines two investment company managers $90,000
Lathigee and Pasquill admit to illegally distributing securities
- By: IE Staff
- July 10, 2007 July 10, 2007
- 12:55
SEC charges Texans in penny stock scam
High-tech scam hijacked personal computers to disseminate millions of spam emails
- By: James Langton
- July 9, 2007 July 9, 2007
- 15:45