FFC, Freisner hit with permanent cease-trade orders
The Ontario Securities Commission has issued its’ reasons for denying continued registration to a fund dealer that has not yet been accepted into the Mutual Fund Dealers association.The firm, Norlyn Financial Group Inc., was first granted registration in 1998 as a securities dealer. In May 2001, Norlyn changed its registration category to mutual fund dealer. […]
FDM shifts regulatory focus from products to relationships
Restrictions eased for fund companies, LSIFs
Direct settlement between reps and clients prohibited
Regulator sharing information with U.S. authorities
Dealer to appeal to decision
Will consider whether to ban Glen Harper from trading, serving as director or officer
Savings come from dropping constraints on related party transactions
Issues permanent cease trade orders