Second straight monthly increase
Proposed code of conduct called unnecessary duplication
Filers protected from severe penalties
Carolann Steinhoff must also rewrite conduct exam, IDA says
An options trader in the Hamilton office of CIBC World Markets Inc. has been fined $50,000 by the Investment Dealers Association of Canada for failing to make appropriate investment recommendations for clients.The IDA says Frederick Kenneth Walsh must also pay disgorgement of commissions of slightly more than $2,000 and must be subject to strict supervision […]
IDA says he failed to co-operate in an investigation
Firms encounter trouble obtaining instructions from beneficial owners
August freeze deemed necessary for switchover
No change as yet in reporting regime, says IDA
Firm admits failure to maintain risk-adjusted capital