David Michaels has not paid the BCSC any of the $5.8 million he earned by bilking clients, nor has he paid the $17.5 million fine
The total sanctions imposed in 2015 increased year over year, while the collection rate fell
Vernon Smith was convicted on two counts of unregistered trading, one count of unregistered advising, and four counts of breaching OSC cease trade orders
The regulators will work together to strengthen consumer protection in Ontario
The U.S. brokerage was censured for supervisory violations relating to chronic fails to deliver by a client in multiple ETFs
Julius Vitug helped an Alberta company raise approximately $10 million while under an IIROC ban
The Quebec securities regulator ordered sanctions totalling more than $8.5 million in 2015
IIROC looks to the courts to boost its collection rate in Ontario
The firms have agreed to pay more than US$9.5 million to resolve the charges
The SRO initiated 69 enforcement proceedings in 2015, up from 48 the year earlier, and concluded 65 cases resulting in total fines of $5.4 million