The Securities and Exchange Commission today announced that New York-based asset manager BlackRock Inc. has agreed to pay a US$340,000 penalty to settle charges.
The Ontario Securities Commission has named the new members of the Securities Advisory Committee (SAC) for the 2017-2020 term.
On December 19, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement, with sanctions, entered into between IIROC staff and Louis Constantine Cavalaris.
The industry responds.
On December 14, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement, with sanctions, between IIROC staff and Union Securities Ltd. (Union).
The Ontario Securities Commission has announced that William Wallace and Robert Heward were each sentenced to four years in jail, and ordered to pay restitution in the amount of $6,672,955.48 by Justice McLeod at the Ontario Court of Justice in Toronto, Ontario, following convictions under the Securities Act (Ontario).
The Canadian Securities Administrators (CSA) is waiting until January 10, 2017 to publish a consultation paper about the option of discontinuing embedded commissions.
The Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with BMO Nesbitt Burns Inc., BMO Private Investment Counsel Inc., BMO Investments Inc. and BMO InvestorLine Inc.
On November 16, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement, with sanctions, between IIROC staff and Paul Wayne Lynch.
When is a tool not just a tool? When it’s a recommendation. In November, IIROC published proposed guidance for order-execution only (OEO) services, or online discount brokers that take advantage of the OEO suitability exemption. What’s the exemption? When one of these services accepts an order without providing a recommendation to the client, the broker […]