CIRO plans industry-wide client research project
SRO to expand former MFDA project to all dealers in 2024
- By: James Langton
- August 4, 2023 August 4, 2023
- 14:49
Latest news in From the Regulators
Seven tipsters share US$100-million reward
SEC orders massive award for tips that led to multiple enforcement actions
- By: James Langton
- August 4, 2023 August 4, 2023
- 14:39
Court rejects fine for trading ban breach
OSC sought fine but court ordered a suspended sentence
- By: James Langton
- August 4, 2023 August 4, 2023
- 13:56
Couple behind US$4 billion crypto hack plead guilty
Pair pleads to money laundering charges in major crypto theft case
- By: James Langton
- August 3, 2023 August 3, 2023
- 16:50
New FCA regime good for clients, tough on firms
Margins, profits to be squeezed as consumer protections boosted
- By: James Langton
- August 3, 2023 August 3, 2023
- 14:47
Most firms falling short in conflict compliance
Regulators found firms are failing to identify and manage conflicts in clients' best interests
- By: James Langton
- August 3, 2023 August 3, 2023
- 14:22
Court pauses rival series of trailer-fee lawsuits
Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages
- By: James Langton
- August 3, 2023 August 3, 2023
- 10:22
Adviser’s insider trading more extensive than SEC thought
Offshore stock trades came alongside previously-sanctioned options trades
- By: James Langton
- August 2, 2023 August 2, 2023
- 13:01
Regulators say advisor awards based on production may mislead clients
The CSA and CIRO will consider such awards a compliance issue
- By: James Langton
- August 1, 2023 August 16, 2023
- 17:44
Court poised to certify BMO holiday pay class action
B.C. court says case meets criteria and allows plaintiff to revise claim
- August 1, 2023 August 1, 2023
- 16:32
FSRA consults on consumer warnings
Regulator issues proposed guidance for public comment until Aug. 25
- By: James Langton
- July 31, 2023 July 31, 2023
- 16:10
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
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