Regulator to consider allegations against portfolio and investment manager at July 3 hearing
The legislation will boost the ability of self-regulatory organizations to carry out their mandates
The case highlights the lack of governance requirements for mutual funds that distribute securities in the exempt market
Fund dealer paid reps 10 bps more in commissions for selling its proprietary RBC Portfolio Solutions funds
Penalty sends a “clear message” to investment industry members and the public
Clayton Smith engaged in fraud, regulator alleges
Former rep sanctioned for unapproved personal financial dealings with clients, and failing to co-operate with an investigation
Legislation protects SRO against malicious lawsuits
A 2016 review found weaknesses in the firm’s internal controls and supervisory systems
IIROC’s plans have been criticized by industry and investors advocates