‘Fat finger’ trading flub ends in fines for Citi
Firm's controls failed to block massive trading goof
- By: James Langton
- May 22, 2024 May 22, 2024
- 12:19
Firm's controls failed to block massive trading goof
Exchange failed to immediately report VPN vulnerability exploit
Markets drove both mutual fund and ETF assets lower in April
Median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April
Trade deficit in April grew nearly 8% from a year earlier
While there may be an initial spike of failed trades, fail rates improve overall in a shortened settlement cycle
Almost a third of Canadians believe the cause is grocery stores trying to increase profit margins
Net assets for year ending March 31 totalled $632.3 billion
Latest quarter was fairly tame with encouraging data on the inflation front and still historically low levels of mortgage delinquencies
Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target
The government says that even if a bill has not yet passed, the change will take effect on June 25
Open banking, fintech can enhance innovation, DBRS Morningstar says
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
High-profile firms and their clients were targeted in 2025
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record