Four brokerages and four brokers were caught in the investigation
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SRO also recoups its costs of $40K
Financial institutions must increasingly focus on compliance and cybersecurity, with a global focus. Such issues are explored in a Deloitte report on risk management innovation, which examines critical regulatory topics facing Canadian financial institutions, and how trends such as innovation, automation and analytics are becoming increasingly important to stay compliant and competitive. Read: An algorithm […]
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IIROC’s priorities for the year ahead include compliance around CRM2, pre-trade risk controls, cybersecurity and online advice. The self-regulatory organization (SRO) released its annual Compliance Priorities Report Thursday outlining its focus for the year ahead. The report identified compliance concerns around CRM2 related to KYC information. IIROC reported that it continued to find dealers who […]
When it comes to whistleblowers, the OSC wants to make clear that in-house counsel aren’t eligible for rewards. Read: How to blow the whistle The commission has published a proposed change to its whistleblower program, with a 60-day comment period. The whistleblower program already excludes those who obtained information while providing legal services to the […]
Commissions influenced his recommendations
The OSC has adopted a rule to bring greater certainty to cross-border activities in Ontario. The rule provides explicit exemptions that preserve current cross-border practices, and responds to the challenges issuers and intermediaries face in determining whether a prospectus must be filed or not for securities distribution to investors outside Canada, the regulatory body said […]
If you’re an MFDA advisor, expect a published rule on continuing education (CE) requirements late this year or early 2018. Read: IIROC continuing education rules are here The self-regulatory organization (SRO) aims for CE requirements “to establish minimum standards for individuals to keep their industry knowledge current and maintain a high standard of professionalism.” Before […]