On January 25th, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between IIROC staff and Konstantine Dariotis and Alfonso Fiumidinisi.
Preferential treatment of some clients gets two reps banned for 20 years, with fines totally $225,000.
MFDA hearing panel accepts settlement agreement, including $7,500 fine and $2,500 in costs.
The Canadian Securities Administrators (CSA) have are calling for comment on a proposed regulatory changes covering the derivatives.
Regulators in Britain, much like their Canadian counterparts, are considered much less aggressive than American regulators when it comes to sentencing for crimes such as insider trading, bribery and white-collar fraud.
Only a month into 2012, the delegation of compliance duties is already becoming an issue with Wall Street regulators.
Canada’s banking regulators are putting the screws to lending practices they see as risky—particularly in the bubble condo markets that are forming in Toronto and Vancouver. And that's a good thing.
The Canadian Securities Administrators announced today the adoption of National Instrument 25-101 Designated Rating Organizations, which will impose requirements on credit rating organizations wishing to have their credit ratings eligible for use in securities legislation.
In March 2007, the federal government proposed the creation of a national securities regulator. As is so often the case in Canada, the idea was studied, Constitutional challenges were launched, and the good idea died a long torturous death.
As Canada steps away from a national securities regulator behind it, there’s a constant stream of criticism of America’s SEC. Perhaps there’s an argument for looser regulation?