The Securities Industry and Financial Markets Association’s Small Firms Committee is recommending approval of the NASD/NYSE Regulation consolidation. The committee sent a letter to more than 280 SIFMA small firm members today recommending the move. The letter was endorsed by an overwhelming majority of the committee’s members and also commended the leadership of Mary Schapiro, […]
Canada should try to develop a comparative advantage in securities regulation for smaller firms
Warns of danger in falling behind best practices in shareholder rights
Move will create more efficient regulatory system
Guidelines targeted toward international financial regulators
There should not be "regulatory arbitrage" that provides an incentive for the sale of one product over another
Proposed amendments intended to harmonize processes with those in other Canadian jurisdictions
Companies provided inaccurate and misleading information along with other violations
Recommended best practices designed to promote better understanding of compliance challenges
BCSC chairman Doug Hyndman calls the case a "precedent-setting" one for the commission