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 ...
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...
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 (...
Aug 6, 20193 minIndustry seeks clarity on MFDA proposal regarding discretionary tradingAlong with others, the Portfolio Management Association of Canada (PMAC) has voiced concerns about a proposal to allow mutual fund dealer...
Jul 25, 20191 minFormer rep who inherited client’s Air Miles permanently bannedA former mutual fund dealing rep who acted as an executor and trustee for two clients’ estates — and inherited one client’s Air Miles as ...
May 27, 20192 minIG settles with MFDA over suitability of DSC sales to elderly clientsThe hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules The dealer arm of fund industry giant In...
May 27, 20191 minBCSC wins in U.S. court to enforce order against fraudsterThe British Columbia Securities Commission (BCSC) has won a victory in a Nevada court this week to enforce a $21.7-million order against ...
May 27, 20192 minIIROC and CSA provide update on conflicts of interest arising from soliciting dealer arrangementsThe Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) today published an upd...
May 13, 20192 minOSC to consider settlement with NextBlock, TapscottSecurities regulators are set to consider a settlement with a former blockchain investment firm and its founder, Alex Tapscott, who are a...
May 6, 20192 minCanadian securities regulators outline next steps on the development of an integrated informationThe Canadian Securities Administrators (CSA) today set out next steps for a new integrated national information and filing system (the Re...
Apr 24, 20191 minFormer rep sanctioned for suitability failuresA former broker has agreed to a multi-year suspension and a $100,000 fine after admitting to violating securities rules by recommending e...
Mar 22, 20191 minMFDA seeks changes to its investigative powersThe proposals would harmonize rules with IIROC The Mutual Fund Dealers Association of Canada (MFDA) is proposing rule changes designed to...
Mar 6, 20192 minMFDA warns dealers about conflicts created by fundco promosA review of dealers’ policies on promotional incentives reveals gaps and shortcomings Mutual fund dealers must step up efforts to prevent...
Feb 8, 20194 min45-325 Filing Requirement and Fee Payable for Exempt Distributions involving Fully Managed Accounts This notice is intended to clarify when Form 45-106F1 Report of Exempt Distribution (Form 45-106F1) of National Instrument 45-106 Prospec...
Dec 7, 20182 minSecurities market fee changes to support stronger enforcement and regulatory innovationhe British Columbia Securities Commission (BCSC) is increasing fees to bolster the commission's ability to carry out its mandate to prote...
Nov 28, 20183 minBCSC Executive Director alleges scheme by self-described consultantsThe Executive Director of the British Columbia Securities Commission (BCSC) has temporarily prohibited a group of purported consultants f...
Nov 9, 20182 minInvestors support proposed IIROC enforcement alternatives, survey findsThe majority of respondents said the proposed fines for minor rule violations were too low and should be raised A majority of Canadian in...
Nov 9, 20182 minOSC launches task force to lighten regulationCreation of internal group reflects shift in approach toward securities regulation by OSC and the provincial government The Ontario Secur...
Oct 30, 20182 minDon’t miss OBSI’s guidelines on membership feesThe Ombudsman for Banking Services and Investments (OBSI) has announced that the payment deadline of membership fees for fiscal 2019 will...
Oct 2, 20182 minCSA’s new rules enhance custody requirements on EMDsThe rule amendments address risks that may arise when firms not regulated by IIROC or the MFDA are involved in the custody of client asse...
