Largest penalty slapped on National Bank Financial
The Canadian PressTwo major financial institutions accused of misdealings in the asset-backed commercial paper market will have to dole out $28 million in fines and costs, in a settlement reached with the Ontario Securities Commission on Monday.CIBC World Markets (TSX:CM) will pay a fine of $21.7 million, plus $300,000 for the cost of the investigation, […]
Regulator plans to conduct compliance review of corporate governance disclosure
IIROC to review settlements with Canaccord, Credential, and Scotia Capital
Commission outlines annual priorities ahead of schedule, calls for feedback
Regulator alleges shortcomings in firm’s disclosure
Lax enforcement is not the reason rules are ineffective; rather, the problem is largely one of compliance
Both parties committed to a strong and independent commission
Hearing adjourned until June 2010
40 investors ask that accused fraudster be allowed to trade for them