The Ontario government doesn't support the approach
Platform will identify potential market abuse
The activity was not disclosed to his firm
Firm had number of supervisory failures
Under current guidance, investors receive "potentially misleading or confusing disclosure"
The firm is also the subject of a Financial and Consumer Affairs Authority of Saskatchewan investigation
The MFDA has published final guidance on member intermediary arrangements. An intermediary is any financial institution, such as a bank, dealer or trust company, that has an arrangement with an MFDA member dealer to facilitate transactions. As part of the arrangement, the intermediary might provide services such as trade execution, custody, settlement or record keeping. […]
A formerly registered man and his company have been banned and fined $100,000 by a British Columbia Securities Commission (BCSC) panel for unregistered trading. The man must also disgorge $389,309—the amount the panel found he benefited from the contraventions. Between October 2010 and September 2014, Prabhjot Singh Bakshi and his company SBC Financial Group Inc. breached the Securities Act by […]
The Autorité des marchés financiers (AMF) today published a notice relating to modern slavery disclosure requirements, which provides guidance to issuers. Modern slavery can take a variety of forms, including any work or service performed by a person involuntarily and under threat of penalty, says an AMF release. “Modern slavery affects tens of millions of people […]
A former CEO has been fined $125,000 for misleading OSC staff during an insider trading investigation, an OSC hearing panel said. From 2006 to 2014, Eric Tremblay was CEO and chairman of the board of Aston Hill Financial Inc. (AHF) and the ultimate designated person of Aston Hill Asset Management Inc. (AHAMI), a subsidiary of […]