Trading in firm’s shares halted June 20
Investor protection a primary concern, regulator says
Concentration of business cause for concern
Regulators to share information
Submissions open until April 30
Retail investors who feel forgotten or ignored by securities industry enforcers are about to see some changes. Regulators plan to crack down on small-investor exploitation, abusive sales practices, inadequate disclosure and even mutual fund management expense ratios.Small investors are not usually high on the securities commissions’ list of enforcement priorities. Scarce resources and a mandate […]
The Quebec financial services regulator, Autorité des marchés financiers, reports that a man has been sent to prison for 10 days for violating the regulator’s order. Judge Jean-Guy Dubois of the Superior Court of Québec, district of Richelieu, allowed the request filed by the AMF and sent Michel Maheux to prison for 10 days, the […]
AMF alleges firm was late in pay registration fees
Temporary moratorium stems from consultation with industry
Quebec’s financial services regulator, the Autorité des marches financiers, is accusing Zurich Insurance Co. of violating the province’s Automobile Insurance Act.The AMF, which is bringing the case before the Court of Quebec (Criminal and Penal Division) in the judicial district of Montreal, says Zurich faces 34 counts of violating the act.Zurich is accused of, “Failing […]