The fraud stemmed from allegations that investor funds were misappropriated, among other misdeeds
The firm will be paying a $75,000 fine and $20,000 in costs for failing to supervise a rep adequately and not reporting possible violations by the rep
DB pension plans recorded an overall annual return of 6.8% in 2016, up from 5.4% in 2015, thanks to Canadian energy, materials and financial services equities, an RBC report notes
Toronto-based financial services institutions that will participate in the first slate of projects have been identified and will be announced as the projects are launched
It’s too soon for any regulatory action given that distributed ledger technology remains at an early stage, new ESMA report concludes
Gregg Mulholland pled guilty manipulating U.S. stocks and laundering more than US$250 million in fraudulent proceeds
The benchmark administrator has made “very significant progress,” with most of IOSCO’s recommendations, but room for improvement remains
Firms will continue to take steps to comply with the regulation until Congress or the DOL take more definitive action, new Moody’s report suggests
The government is hoping to attract 1.5 times its investment in the new, clean technology fund from other private sector investors
Rising interest rates should boost net interest income, which is likely to incentivize more trading competition, a new Fitch report suggests