Legislation next year will create new Crown agency
Portfolio managers are already subject to "robust, principles-based regulation," the association says
Industry and investor advocates respond to the government's intervention
The Ontario government doesn't support the approach
The activity was not disclosed to his firm
Firm had number of supervisory failures
Under current guidance, investors receive "potentially misleading or confusing disclosure"
The Autorité des marchés financiers (AMF) today published a notice relating to modern slavery disclosure requirements, which provides guidance to issuers. Modern slavery can take a variety of forms, including any work or service performed by a person involuntarily and under threat of penalty, says an AMF release. “Modern slavery affects tens of millions of people […]
A former CEO has been fined $125,000 for misleading OSC staff during an insider trading investigation, an OSC hearing panel said. From 2006 to 2014, Eric Tremblay was CEO and chairman of the board of Aston Hill Financial Inc. (AHF) and the ultimate designated person of Aston Hill Asset Management Inc. (AHAMI), a subsidiary of […]
The Canadian Foundation for the Advancement of Investor Rights (FAIR Canada) is asking the CSA how firms will follow conflict of interest requirements and still meet best interest standards given compensation methods such as embedded commissions. In an open letter to the CSA, FAIR Canada says the best way to implement a best interest standard […]