James Wenman loaned his client money on three separate occasions without the consent of his firm
CIBC WM rep failed to use due diligence on orders from two clients
Fines and administrative penalties of more than $52 million; Illegal distributions remain the biggest source of enforcement activity
New freeze orders issued against Arvin Patel’s retirement savings and brokerage accounts
Hampton Securities’ application for review is premature; SRO’s authority derived from contractual powers
Regulators have asked the court to rule than an earlier order does not prevent them from distributing $59.875 million received from five investment dealers
Andrew Osborne fined £350,000 for disclosing inside information
Ex RBC DS reps engaged in outside business activities without disclosure and authorization
Jamie and Idan Cohen handed 20-year bans
Settlement reduces the likelihood of more costly litigation