Expanding access to advice, standardizing KYC data collection on SRO's agenda
Clients lost more than $1.5 million on rep's failed fintech venture
Industry divided on, investor advocates opposed to, reforms
Firm failed to adequately oversee rep's risky trading strategy, CIRO says
Terms of firm's sale weren't fully disclosed to regulators
Crypto firm to pursue full dealer and ATS registration, plus SRO membership
Involvement with crypto amounted to undisclosed outside business activity, personal financial dealings
First oversight review finds SRO complying with recognition order
Ban, fine of $300K follow repeat episode of unapproved outside business activity
Panel orders penalties for disgorgment and deterrence