Wrongdoers may no longer have to admit guilt when settling with OSC.
Fabrice Tourre, a former Goldman Sachs Group trader, has been ordered to pay $825,000 by a U.S. judge, reports Reuters.
IIROC has published for comment a concept paper to consider the possibility of establishing lower minimum capital requirements for dealer members with reduced risk profiles.
The OSC will now offer no-contest settlements.
On February 18, 2014, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement between IIROC Staff and Daniel Dubois.
The SEC has suffered several trial defeats recently.
IIROC has published for comment proposed guidance outlining common due diligence practices and suggestions for IIROC dealers involved in the offering of securities to the public as underwriters.
The extent to which JPMorgan Chase employees knew about Bernie Madoff’s Ponzi scheme is still unclear, respite regulators’ attempts to draw the information out, says the New York Times.
Got questions about CRM II? Answer is probably yes, and hopefully they’re covered in the FAQ guidance CSA released today.
The proposed amendments would change the definition of accredited investor to allow fully managed accounts to purchase investment fund securities using the managed account category of the AI exemption.