On November 9, 2012, a hearing panel of IIROC accepted a settlement agreement between IIROC staff and Stephen Moran.
UBS could face up to a £50M ($80 million) fine for management failures that led to a $2.2 billion rogue trading loss. UBS trader Kweku Adoboli was convicted of fraud on Tuesday, and jailed for seven years. Read: UBS trader found guilty of fraud The FSA and UBS are finalising the details of a settlement, […]
An IIROC hearing panel accepted a Settlement Agreement, with sanctions, between IIROC staff and Mr. Alan Cusson.
On October 31, 2012, an IIROC hearing panel issued a settlement agreement, with sanctions, between IIROC staff and Ronald Lann.
The firms agreed to settlements in which they will pay more than $400 million combined.
In a settlement agreement with the British Columbia Securities Commission, Sean Tan and Berkeley Coffee & Tea have admitted to illegally distributed securities in B.C.
A hearing panel of IIROC has accepted a settlement agreement between IIROC staff and Trevor Ian Gunderson.
On November 1, 2012, a hearing panel of IIROC accepted a settlement agreement, with sanctions, between IIROC staff and Wellington West Capital Inc. (Wellington West) and Lesley Walters-Sagher. Wellington West and Walters-Sagher admitted that they failed to adequately understand certain leveraged exchange traded funds and thus were not able to properly supervise trading in those […]
Following a disciplinary hearing held from May 7 to June 1, 2012 and a penalty hearing held October 11 and 12, 2012, a Hearing Panel of IIROC has found that Northern Securities Inc. (NSI), Victor Alboini, Fred Vance and Douglas Chornoboy contravened several IIROC Dealer Member Rules, and has imposed the penalties set out below. […]
A Bahamian company has been ordered to pay $300,000 for misconduct.