Keyword: No-contest settlements

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

The three companies in question self-reported inadequacies in their systems that resulted in some clients paying excess fees

No-contest settlement with BMO firms will see clients repaid $50 million

The BMO subsidiaries will also make a $2.1-million payment to the OSC and pay $90,000 in costs for overcharging certain retail clients

The firms face the prospect of regulatory sanctions for allegedly overcharging some retail clients

More than a quarter-billion dollars have been returned to investors as a result of five-year-old enforcement policy

The three firms also agreed to make a $3-million payment to the OSC and to pay $50,000 in costs for their role in overcharging clients

OSC hearing scheduled for Friday

The firm had discovered that some clients in fee-based accounts were also paying trailer fees as a result of problems within its systems of control and supervision

The investor compensation represents the largest amount in an Ontario Securities Commission no-contest settlement since the process was introduced

An OSC notice indicates that the proposed settlement will be on a no-contest basis, which means CI would not have to admit to any wrongdoing

Quadrus to pay clients $8 million in compensation