The rule amendments address risks that may arise when firms not regulated by IIROC or the MFDA are involved in the custody of client assets
Applications are due by June 30
A new report from the OSC finds that exempt-market issuance rose by 9% to a total of $72 billion in 2016 following a 40% gain in 2015
The regulators’ proposals are intended primarily to address the concerns of foreign dealers and Canadian institutional investors
The results of the review of 65 small firms also provides additional guidance for these firms to meet their obligations
A compliance sweep the ASC carried out on 66 exempt-market dealers found deficiencies in every area the regulator examined
The firm consented to the suspension and is prohibited from providing advice and selling securities to investors
The firm’s advisors will now have the option to refer clients to third-party portfolio managers with whom the firm has long had relationships or to Raintree’s own discretionary platform
The agreement helps Financial Horizons brokers gain access to more financial offerings while Pinnacle advisors will benefit from running their insurance business under one brand
Five of Canada’s provincial securities commissions issued a notice on Thursday warning that some issuers may be abusing shareholders in the way they’re structuring exempt-rights offerings. In particular, the regulators say in the notice that they have concerns with structures that are potentially abusive: “For example, we may have concerns where a rights offering is […]