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Keyword: No-contest settlements

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Editorial

  • By: IE Staff
  • March 8, 2019 November 12, 2019
  • 15:01
meeting room interior with table, raw of chairs and block-notes,decorated in black and white tones

The two dealers will pay slightly less than $11 million to resolve allegations that clients paid excess fees

meeting room interior with table, raw of chairs and block-notes,decorated in black and white tones

The two dealers self-reported weaknesses in their controls which resulted in some clients paying excess fees

handshaking and exchanging contract documents

Enforcement tool enables regulators to resolve cases more quickly

IIROC reaches settlement with three former All Group reps

Two Assante dealers to pay regulator and reimburse clients for alleged overcharging

BMO GAM’s Ross Kappele elected IFIC chairman

An internal review discovered certain clients were not advised they qualified for lower-fee versions of certain mutual funds

More than 250,000 clients have overpaid on fees

OSC to consider no-contest settlement with Manulife

The dealers allegedly overcharged fee-based client accounts about $6 million and mutual fund accounts $5.7 million between 2005 and 2016

OSC to consider no-contest settlement with Manulife

Two Manulife dealer subsidiaries allegedly overcharged clients in fee-based accounts between 2005 and 2016

No-contest settlement with RBC firms will see clients repaid $21.8 million

The OSC has now reached no-contest settlements with all of the big banks and several other firms, generating about $342 million in compensation