Firm failed to question numerous red flags about purported billion-dollar contracts, according to OSC settlement
Programs in U.S. and Canada have proven effective at detecting, deterring financial crime
OSC sweep uncovered issues with firms' account opening, client limits
CSA issues new guidance, consults on possible future reforms to address AI advances
PwC's proposed approach to investor payouts faces a legal challenge
The firm and its founder were permanently banned, fined
Other issuers have until Dec. 31 to comply with the regulators' stablecoin rules
Proposals aim to boost investor protection around proprietary fund sales
PwC proposes an interim $473 million payout to investors
OSC provides investor advocate with $11 million in funding over six years