A settlement hearing in the matter of Clayton Kurt Swerdelian was held on February 26, 2015 in Calgary, Alberta before a hearing panel of the Prairie Regional Council of the MFDA.
The SEC has announced a maximum whistleblower award payment of 30% of amounts collected in connection with In the Matter of Paradigm Capital Management, Inc. and Candace King Weir, File No. 3-15930 (June 16, 2014), the SEC’s first retaliation case. The whistleblower will receive more than $600,000 for providing key original information that led to the successful SEC enforcement action. The whistleblower in this matter suffered unique hardships, including retaliation, as a result of reporting to the Commission.
Like global banks, the shadow-banking sector should be handed new capital requirements.
On April 17, 2015, a settlement hearing was held in Vancouver before a three-person panel of the Pacific Regional Council of the MFDA.
The SEC has announced fraud charges against a New York City-based financial advisor accused of stealing at least $20 million from customers to fund his own brokerage accounts and then squandering the bulk of the money in highly unprofitable options trading.
CSA has published proposals to expand the passport system to two areas.
The financial services industry helps millions of investors. While there’s much to be proud of, structural problems persist. Here are three.
The OSC's Investment Funds Product Advisory Committee helps keep tabs on market and product trends.
The Canadian Securities Administrators (CSA) has implemented amendments that will streamline and tailor disclosure by venture issuers. The amendments address continuous disclosure and governance obligations, as well as disclosure for prospectus offerings.
The Securities and Exchange Commission has announced fraud charges against an investment adviser and her New York-based firms.