Editorial
The FSA and the SEC are taking aim at compensation structures, especially those based on commissions
Allegations show that BofA misled investors about billions of dollars in bonuses paid to Merrill Lynch executives
Approval from the provincial securities commissions not forthcoming
Increased collaboration will benefit investors
But the court has delayed the order for a year to give B.C.’s legislature time to deal with the matter
FSA will have authority to impose higher capital requirements on firms that present greater risks to the financial system
The regulator is working to enhance the adjudicative case-management process to increase responsiveness and efficiency
Under the new proposals, fines would be linked more closely to the income from the product or business area linked to a breach
OSC granted authority to take immediate action in extraordinary circumstances