SEC alleged firm failed to disclose conflicts in mutual fund revenue sharing
Pre-budget submissions also float single insurance licensing system among provinces, fiduciary standard for advisors
Conflict arose from allocation that generated revenue from "no fee" accounts
Regulator alleged US$14 million overcharging, settles for US$150,000 penalty
Former clients overcharged, had assets misappropriated
Court rejects theory that investor disclosure is required for share transfers
Firm failed to adjust loan pricing to reflect impact of market turmoil
Firm breached fiduciary duty by unfairly allocating losing trades to clients
Regulator seeks suitability standards for senior industry personnel
Proposed claim alleges receiver failed to cash out of stock that hit $100 million