SEC flags brokers’ failures on money laundering
Compliance reviews exposed gaps in firms' anti-money laundering controls
- By: James Langton
- July 31, 2023 July 31, 2023
- 16:05
Latest news in From the Regulators
Advisors should help business owners prepare for new corporate ownership registry
Bill C-42 would bring public access to private corporations’ beneficial ownership info
- By: Michael McKiernan
- July 31, 2023 July 31, 2023
- 15:32
SEC alleges US$1 billion crypto offerings were offside
Regulator insists cryptoassets were securities, despite efforts to skirt that designation
- By: James Langton
- July 31, 2023 July 31, 2023
- 13:30
CRA releases revised form for mandatory tax disclosures
Expanded reporting regime is intended to help the CRA fight aggressive tax planning
- By: Rudy Mezzetta
- July 27, 2023 July 27, 2023
- 17:16
U.S. regulators unveil bank capital reform proposal
Securities industry association expresses concerns with planned changes
- By: James Langton
- July 27, 2023 July 27, 2023
- 16:37
CFRs, crypto firms top OSC compliance reviews
Report on industry conflicts to be published soon with CSA, CIRO
- By: James Langton
- July 27, 2023 July 27, 2023
- 15:37
Portfolio manager settles KYC, suitability issues
BCSC orders eight-year ban, alongside $60,000 penalty
- By: James Langton
- July 27, 2023 July 27, 2023
- 15:05
BCSC sanctions offside online influencing
Marketing company gets first-ever penalty for deficient advertorial disclosure
- By: James Langton
- July 27, 2023 July 27, 2023
- 11:14
New SEC rule requires public companies to disclose cybersecurity breaches in 4 days
The rule encompasses third-party apps
- By: The Associated Press
- July 26, 2023 July 26, 2023
- 16:36
SEC targets conflicts in AI
Proposed rules would require firms to identify and combat conflicts built into technologies
- By: James Langton
- July 26, 2023 July 26, 2023
- 15:14
BoC mindful of not overdoing rate hikes, summary of deliberations reveals
The bank decided that the cost of waiting too long to raise rates outweighed the benefits
- By: Nojoud Al Mallees, Canadian Press
- July 26, 2023 July 26, 2023
- 14:52
Advisor fined $70K for thousands of pre-signed forms
Former Scotia Capital rep sanctioned in settlement with CIRO
- By: James Langton
- July 26, 2023 July 26, 2023
- 14:37
Federal Reserve raises key rate for 11th time in drive to slow inflation
A key question is whether Wednesday's increase will be the Fed's last
- By: Christopher Rugaber, The Associated Press
- July 26, 2023 July 26, 2023
- 14:27
OSFI consults on crypto rules for banks, insurers
New guidelines adopt global banking regulators' standards
- By: James Langton
- July 26, 2023 July 26, 2023
- 13:52
Pandemic forced money launderers to diversify
Illicit activity moved out of casinos to securities firms and real estate, according to FINTRAC
- By: James Langton
- July 26, 2023 July 26, 2023
- 09:41
Prescribed rate to stay at 5% in Q4
The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter
- By: Rudy Mezzetta
- July 25, 2023 July 25, 2023
- 12:17
IOSCO endorses ISSB standards, setting stage for consistent global climate reporting
The organization is calling on regulators around the world to consider adopting the standards
- By: James Langton
- July 25, 2023 July 25, 2023
- 10:32
CIRO fines firm for retail compliance violations
Firm admitted to serving retail investors before SRO approvals, systems in place
- By: James Langton
- July 24, 2023 July 24, 2023
- 15:47
UBS sanctioned for Credit Suisse’s Archegos failures
U.S., U.K., Swiss regulators take action over risk management, governance weaknesses
- By: James Langton
- July 24, 2023 July 24, 2023
- 13:32
Amazon, Google, Meta, Microsoft agree to White House AI safeguards
Some of the commitments call for third-party oversight of commercial AI systems
- By: The Associated Press
- July 21, 2023 July 21, 2023
- 14:59
Tribunal allows Gong to seek stay of OSC case
Former Toronto mayoral candidate may have a case for breach of privilege by OSC staff
- By: James Langton
- July 21, 2023 July 21, 2023
- 14:30
CRA releases forms to allow for transfers out of FHSAs
The industry is still waiting for certain forms needed to administer the new plans
- By: Rudy Mezzetta
- July 21, 2023 July 21, 2023
- 13:22
CIRO seeks margin rules for PPNs
Proposal revises conservative approach initially sought by IIROC
- By: James Langton
- July 20, 2023 November 10, 2023
- 17:19
BCSC gets new enforcement powers
Reforms give the regulator enhanced powers to sanction uncooperative witnesses
- By: James Langton
- July 20, 2023 July 20, 2023
- 16:32
FINRA re-ups ex-OSC chair, adopts new rules
SRO renews Maureen Jensen's board term for three years
- By: James Langton
- July 20, 2023 July 20, 2023
- 10:18