Firms' joint foray into consumer finance wasn't ready, regulator alleges
Industry at odds with CIRO’s proposals on maximum penalties and dispute resolution
Reforms follow a review that found shortcomings in existing arrangements
Receiver rejected company's $213-million claim against flagship fund
Fraud claims pass suitability issues among investment cases
With reforms pending, the organization will search for new consumer, industry board reps
Regulator proposes new regime to pay out disgorged funds to victims of misconduct
Firm resolved allegations of KYC, suitability, conflict failures
"Landmark" legislation is significant step forward in protecting investors, organization says
SRO proposes doubling maximum fines, toughening suspensions