The agreement includes 22,500 self-directed accounts with assets under administration of $1.7 billion
A new paper examining the exempt-market regime in Canada suggests there’s likely a significant gap in investor protection because no SRO exists
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