As the country’s biggest province, it’s no surprise that Ontario has the most IIROC registrants and the most fines outstanding since 2008—$18 million as of June 30, 2016. But what may be surprising is that Ontarians owe more than their share of the national fines outstanding to IIROC: Ontario’s fines are 62% of the national […]
Today, IIROC re-published for comment proposed amendments to the universal market integrity rules (UMIR) and the dealer member rules (DMR) that would consolidate existing UMIR best execution requirements and DMR requirements for fair pricing of over-the-counter (OTC) securities into a single rule on best execution. IIROC originally published amendments relating to best execution on December […]
CSA isn’t the only regulatory body looking to transform the industry. But its proposed targeted reforms are getting the most attention.
The OSC found that in 2006 and 2007, she recommend and facilitated off-book investments for her clients without her employer's knowledge or approval.
Ahead of Financial Literacy Month, the Investment Industry Regulatory Organization of Canada is promoting its advisor check database.
The Insurance Council of B.C. is taking action the type of regulatory arbitrage highlighted in a June Advisor.ca investigation.
Kennedy, who works in Hamilton, Ont., admitted to conduct involving the supervision of registered representative Alistair Melville’s activities.
D&D and Lilly admitted failure to ensure compliance with certain regulatory requirements and Lilly's failure to ensure that D&D's representations to IIROC were fulfilled.
Sawisky admitted that he failed to learn essential facts about two clients and failed to ensure that securities held by and recommended to those clients were suitable for them.
IPC Securities Corporation admitted that it failed to conduct strict supervision of a Registered Representative pursuant to an acknowledgement and consent provided to IIROC.