You don’t need a crystal ball to predict a future of more regulation. In 2016, CSA dropped a bombshell in the form of proposed targeted reforms and a best interest standard. Also expected this year but still lying in wait: CSA’s report on mutual fund fees, which may decide the fate of embedded commissions. Read: […]
The SEC announced an award of more than US$900,000 to a whistleblower on Friday--the second award in less than one week.
A settlement hearing in the matter of John Alojz Kodric was held on December 6, 2016 in Toronto, Ontario, before a three-member hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada.
The pace of regulatory change has contiued to accelerate since the financial crisis, so what's next?
The Superior Court of Justice dismissed appeals to set aside OSC findings.
On November 3, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement, with sanctions, between IIROC staff and Nadir Janmohamed.
Firms and advisors require flexibility to serve different clients. That’s the emerging theme in comment letters from investment houses on CSA’s proposed targeted reforms and best interest standard. In a comment letter, four partners from Borden Ladner Gervais (BLG) sum up the consensus: “A one-size-fits-all regulatory regime does not recognize different […] business models and […]
The International Organization of Securities Commissions (IOSCO) has elected new chairs and vice-chairs for its board committees. Two new chairs are OSC staff members. Read: Guidance for portfolio managers working with investment dealers Tracey Stern will chair the committee on regulation of secondary markets, and Paul Redman will chair the committee on emerging risks. Stern […]
A CSA review found shortcomings in regulatory processes.
SEC Chair White will leave "two critical initiatives" in the hands of her successor.