Ex-rep sanctioned after ignoring red flags
Settlement follows violations including overlooking suspicious trading activity
- By: James Langton
- October 28, 2022 October 28, 2022
- 15:32
Latest news in From the Regulators
FCAC sanctions CIBC for loan disclosure failings
Certain fees were not disclosed to borrowers for almost 20 years, regulator alleged
- By: James Langton
- October 28, 2022 October 28, 2022
- 10:32
IIROC enforcement fund approved for SRO integration costs
SRO gets green light to help finance initial merger costs
- By: James Langton
- October 27, 2022 October 27, 2022
- 16:54
More women on boards, but not in top role
More directors are female, but few lead boards — and fewer still are CEOs
- By: James Langton
- October 27, 2022 October 27, 2022
- 15:56
Court asks for evidence of closet indexing
Plaintiffs in proposed class action must show that active funds tracked index
- By: James Langton
- October 27, 2022 October 27, 2022
- 15:28
ESMA steps up scrutiny of ESG disclosure
Fight against greenwashing replaces retail investor costs as regulators' top priority
- By: James Langton
- October 27, 2022 October 27, 2022
- 13:26
Universal life shouldn’t be universally recommended, regulator says
At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs
- By: Greg Meckbach
- October 27, 2022 October 27, 2022
- 11:32
SEC adopts exec comp clawbacks
New rules require exchanges to adopt listing standards that set provisions for clawing back pay earned through misconduct
- By: James Langton
- October 26, 2022 October 26, 2022
- 15:23
SEC beefs up fund cost, performance reporting rules
Rules streamline fund reports, call for truth in advertising on fees
- By: James Langton
- October 26, 2022 October 26, 2022
- 15:00
FCA examines big tech’s role in financial sector
Consultation considers impact of tech giants on competition, consumers
- By: James Langton
- October 26, 2022 October 26, 2022
- 13:03
Heather Zordel resigns as chair of Ontario Securities Commission
Zordel was the first chair of the provincial securities regulator under its new structure
- By: The Canadian Press
- October 25, 2022 October 25, 2022
- 15:44
The lurking risk of greenwashing in Canadian funds
DBRS finds wide divergence in sustainable investing approaches and transparency
- By: James Langton
- October 25, 2022 October 25, 2022
- 15:26
OSC tests out education, experience exemption
The pilot program expands accredited investor exemptions beyond financial metrics
- By: James Langton
- October 25, 2022 October 25, 2022
- 14:44
FCA proposes anti-greenwashing rules
The proposals would restrict the use of "green" terms and set disclosure rules
- By: James Langton
- October 25, 2022 October 25, 2022
- 14:19
FSRA initiates enforcement action over MGA’s training practices
The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes
- By: IE Staff
- October 25, 2022 October 25, 2022
- 11:32
OSC, SEC settle with pot company
Regulators resolve accounting irregularity case with dually listed firm
- By: James Langton
- October 25, 2022 October 25, 2022
- 09:37
Court-appointed counsel says there’s no legal basis to treat Bridging investors differently
A hearing next month will examine whether certain investors are entitled to priority claims
- By: James Langton
- October 24, 2022 November 23, 2022
- 13:41
Rating agencies must boost governance, U.K. regulator says
FCA review finds weakness in oversight
- By: James Langton
- October 24, 2022 October 24, 2022
- 13:26
FINRA launches high-tech rulebook
Initiative aims to streamline compliance, facilitate automation
- By: James Langton
- October 21, 2022 October 21, 2022
- 13:37
Bank played coy during financial crisis, FCA says
Regulator seeks sanction for disclosure failings in 2008
- By: James Langton
- October 21, 2022 October 21, 2022
- 13:31
OSC asks tribunal to approve settlement with cannabis company, former CFO
The company failed to file accurate financial statements, the regulator alleges
- By: Tara Deschamps, The Canadian Press, The Canadian Press, IE Staff
- October 21, 2022 October 21, 2022
- 12:27
Crypto cases make up 20% of CFTC enforcement
Agency secured more than US$2.5 billion in monetary sanctions in fiscal 2022
- By: James Langton
- October 20, 2022 October 20, 2022
- 16:56
Consumer groups call for action on ombudservice
Binding authority, single banking complaint body demanded
- By: James Langton
- October 20, 2022 October 20, 2022
- 15:35
National Bank Financial sanctioned for internal control failings
Advisors exploited the firm's inadequate controls, according to a settlement agreement
- By: James Langton
- October 19, 2022 October 19, 2022
- 16:24
No duty to disclose beneficiary change, court finds
A widow sued her brokerage firm, alleging it failed to tell her about a change in her husband's accounts
- By: James Langton
- October 19, 2022 October 19, 2022
- 16:15