U.S. regulator issues warnings on social media
Basi fined $100,000
Harding suspended for making unauthorized purchases and recommending unsuitable transactions
An OSC panel imposed only $250,000 in costs, far less than the $1.5 million commission staff sought
Scammell and de Beer raised funds from investors in five provinces and one state
Silvaggio admits to misappropriating client funds
Interest in no contest settlements prompts regulator to hold public hearing in the new year
IIROC panel says Jiwa and Hoffar failed in their role as gatekeepers of the capital markets
Rathore, Petrozza and Maloney to jointly pay penalty of $250,000 for illegal distribution of securities
As the Ontario Securities Commission looks to introduce “no contest” settlement agreements in a bid to improve its enforcement performance, this type of settlement is coming under fresh fire in the U.S., where it’s already well established.