With implementation of the Client Relationship Model now underway for IIROC firms, advisors and dealers must put into place greater disclosure regimes and higher standards for product suitability over the next two years.
The U.S. Commodity Futures Trading Commission (CFTC) filed and settled charges yesterday against JPMorgan Chase for its unlawful handling of Lehman Brothers, Inc.’s customer segregated funds.
Two people charged with one count each of engaging in fraud against persons or companies to whom they traded securities.
On March 20, 2012, an IIROC hearing panel accepted a settlement agreement between IIROC staff and David Wilson Murdoch.
The Investment Industry Regulatory Organization of Canada (IIROC) has produced an educational webcast to provide insight into issues related to accredited investors.
Unfortunately, investors believe financial-statement auditors perform much more work than they actually do. Worse still, they think auditors will vouch for that work’s quality when things go awry.
Critics of Canada’s securities regulation regime often claim the provincial commissions lack the teeth—or the will—to get tough on those who tarnish the industry’s image. It appears the OSC has taken this criticism to heart, announcing jail sentences for two men convicted of violating cease trade orders.
The Investment Industry Regulatory Organization of Canada (IIROC) is implementing new fee models for both market and dealer regulation, effective April 1.
The OSC is intensifying its effort to weed out delinquent dealers from the securities industry. To show it means business, the regulator has created a dedicated registrant conduct and risk analysis team, which operates within the larger compliance and registration regulation branch of the commission.
On March 9, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between the IIROC staff and the Paul James Vorstadt.