Mar 182 minCanadian securities regulators to provide blanket relief for market participants due to COVID-19Toronto – In light of recent COVID-19 developments and their impact on market participants, the Canadian Securities Administrators (CSA) will provide tempora...
Mar 95 minCanadian securities regulators encourage informed investing for Fraud Prevention MonthCalgary and Montreal – The Canadian Securities Administrators (CSA) is encouraging investors to properly research investment opportunities and stay ahead of ...
Mar 21 minBCSC orders money returned to fraud victimsLess than 10% of investor losses have been recovered The British Columbia Securities Commission (BCSC) has ordered that the funds recovered in a fraudulent i...
Mar 22 minRichardson GMP changes name to Richardson WealthGMP Capital says it would consider acquisitions of “like-minded” IIROC-member businesses Toronto-based Richardson GMP is changing its name to Richardson Weal...
Mar 22 minCourt green-lights trailer fee class action against TDA proposed class action against TD Asset Management Inc. (TDAM) over trailer fees paid to discount brokers has been given the go-ahead by an Ontario court.Ju...
Feb 196 minHow to Do 1031 Exchanges to Defer TaxesThe time-worn saying “Nothing is certain but death and taxes" is only half true for a savvy American taxpayer who is planning the sale of an investment or bu...
Feb 143 minIs self-regulation working in the public interest?IIROC’s findings of industry misconduct require a stronger response The securities industry is quick to congratulate itself and promote the “value added” to ...
Feb 53 minMFDA proposes SRO overhaulA new paper envisions a single SRO, with the CSA taking responsibility for market regulation This story was updated on Feb. 4, 2020, to include comments from...
Jan 282 minAccounting firm to pay $3.5 million for substandard audits of Crystal WealthThe Ontario Securities Commission (OSC) has reached a $3.5-million settlement agreement with BDO Canada LLP for BDO’s substandard audits of two investment fu...
Jan 92 minASC warns investors of opportunities ‘too good to be true’A new year brings new investment options, but the Alberta Securities Commission (ASC) is warning investors to be wary of opportunities that may be “too good ...
Dec 30, 20191 minSEC proposes to increase retail access to private marketsThe proposal would expand the definition of accredited investor The U.S. Securities and Exchange Commission (SEC) voted to expand the definition of accredite...
Dec 30, 20192 minCSA to ban DSCs everywhere but OntarioOntario is considering alternatives to a DSC ban, but will join the CSA in outlawing trailers for discount brokers Ontario will remain a holdout, but the res...
Dec 5, 20192 minLong-time fund rep banned, fined for loans from vulnerable clientsThe former rep borrowed more than $100,000 from clients A veteran mutual fund rep has been fined $100,000 and permanently banned after a disciplinary panel f...
Nov 25, 20192 minCourt grants leave to appeal BCSC ruling in pump-and-dump caseA British Columbia court has granted leave to appeal enforcement decisions by the British Columbia Securities Commission (BCSC) on the question of whether th...
Nov 25, 20192 minOSC decision on DSCs to come — eventuallyStay tuned on deferred sales charges (DSCs) — that’s the message to the investment industry from the Ontario Securities Commission (OSC). Speaking at the reg...
Nov 12, 20192 minOntario to review Securities Act for first time in 16 yearsOntario’s fall economic statement includes a commitment to establish a securities modernization task force, in light of the fact that the Securities Act has ...
Nov 12, 20191 minCanadian securities regulators outline corporate governance disclosure expectations for cannabis issToronto – Securities regulatory authorities in Ontario, British Columbia, Quebec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (the participating ju...
Oct 28, 20192 minMFDA issues guidance on serving vulnerable clientsSRO recommends asking clients for a trusted contact person, putting temporary holds on suspicious transactions As the average life expectancy continues to ri...
Oct 22, 20192 minBCSC gets beefed up enforcement powers in securities law overhaulThe reforms represent the most extensive amendments to the province’s securities laws since the legislation was introduced in 1996 The government of British ...
Oct 15, 20193 minPaying RRSP, TFSA investment fees from outside the accounts not an advantage, Finance saysThe department acknowledges there often isn’t a tax motivation when doing so Nearly three years of tax uncertainty has ended for investors who pay their RRSP...
