The OSC will allocate $2.5 million in monetary sanctions and settlements to the Canadian Foundation for Advancement of Investor Rights (FAIR Canada).
Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Department will increase that toll, but not by a full $17 billion.
IIAC president and CEO Ian Russell’s latest industry letter addresses current priorities of global regulators, including cross-border rules harmonization, corporate governance shortcomings, and the role of regulators in enhancing ethical standards.
OSC has ordered substantial monetary sanctions against Crown Hill Capital Corporation and Wayne Lawrence Pushka.
An offshore investment plan being advertised on Alberta radio stations may be illegal.
The OSC has published for a 30-day comment period the applications by the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and Ice Trade Vault, LLC for designation as trade repositories in Ontario.
U.S. regulators are targeting German-based Deutsche Bank and Switzerland-based UBS.
An IIROC hearing panel accepted a agreement, with sanctions, between IIROC staff and Afam Elue.
Since the end of 2013, OBSI's mandate has been expanded by CSA.
Every month, law firm BLG summarizes federal legislative developments that apply to financial institutions.