BMO earns Award of Excellence in Financial Reporting
The Financial Industry Regulatory Authority announced that it has censured and fined Wachovia Capital Markets, LLC US$300,000 for violations of FINRA’s research analyst conflict of interest disclosure rules.FINRA found that from June 2004 to May 2006, Wachovia failed to include in 40 research reports a total of 56 disclosures concerning Wachovia’s financial relationships with subject […]
Regulators seek comment on amended proposal
Proposed regulations to be released tomorrow
The Alberta Securities Commission (ASC) has issued a blanket order to provide relief for venture issuers from certain certification requirements currently outlined in Multilateral Instrument (MI) 52-109 Certification of Disclosure In Issuers’ Annual and Interim Filings.The ASC blanket order allows venture issuers to file a simplified form of certification called a “Basic Certificate”, which does […]
Rules would require investors receive clear, concise summary of key fund information
Bill 19 makes it easier for an investor to sue for damages regarding improper disclosure
Canada is lagging a number of Asian countries
The Canadian Securities Administrators is implementing amendments to the national rule that sets standards of disclosure for oil and gas activities.The CSA adopted the rule, National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101), in September 2003. It sets out the annual filing requirements for reporting issuers who are involved in […]
Court dismisses class action