New York’s attorney general has launched an investigation into possible market manipulation involving “spoof” bids and offers on the foreign exchange options markets, reports the New York Times’ Dealbook.
The Investment Industry Regulatory Organization of Canada and the Chambre de la sécurité financière has entered into an agreement that aims to help protect investors in Quebec.
On November 3rd, 2015, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Robert Connor.
Provincial regulators have released Excel spreadsheets with the details.
In its 2014 report, IIROC identified many cases where firms and advisors hadn’t fulfilled their obligations as efficient market gatekeepers. So, firms need to more closely monitor the trading activities of both advisors and their clients, especially if clients have been granted direct access to markets (see “Learn the lingo”). The rules Firms must have […]
Several regulators have published, in final form, Multilateral Instrument 45-108 Crowdfunding.
Canadian regulators and SROs have said repeatedly that cracking down on advisors who take advantage of seniors citizens remains a top priority. A recent case from south of the border underscores why this is probably a good thing.
MFDA gets top marks for CRM2 explainer
How to be compliant
Regulators have introduced an offering memorandum prospectus exemption in Ontario and will modify the existing offering memorandum exemption in Alberta, New Brunswick, Nova Scotia, Québec and Saskatchewan.