More from Regulatory
Ottawa tightens mortgage rules
The Canadian Press / February 16, 2010Finance Minister Jim Flaherty is tightening mortgage rules to crack down on speculators and discourage homeowners from taking on too much debt.
IFB voices compensation concerns
John Powell / February 10, 2010Now that conversations have opened up about notice periods for advisors facing MFDA hearings, an industry association remains concerned about the inability of brokers to collect compensation for costs incurred to defend claims.
CSA rules tackle soft dollar practices, Pt. 2
Susan Han / February 08, 2010Money managers direct business, or order flow, on behalf of client portfolios to brokers and dealers who effect the transactions in the appropriate marketplaces.
SEC investigating staff over web use
Staff / February 05, 2010Generally speaking, compliance and regulation attract cautious personalities, not prone to flouting rules and regulations. And then there's the porn-surfing SEC manager.
Weizhen Tang denied bail
The Canadian Press / January 21, 2010A Toronto financial adviser charged with defrauding investors of some $30 million has been denied bail.
Smart regulations should remain local
Steven Lamb / January 20, 2010The financial sector is unique, and requires special regulatory treatment, according to a report from the Conference Board of Canada.
IIROC finds branch oversight lacking
Mark Noble / December 29, 2009Canada's advisor dealer branch networks need to do a better job on the compliance front, an Investment Industry Regulatory Organization of Canada (IIROC) audit finds.
ABCP fines total $138 million
Steven Lamb / December 22, 2009Regulators have released details of settlements reached over the 2007 collapse of the asset backed commercial paper market. Seven securities firms have agreed to pay a total of $138.8 million in administrative penalties and investigation costs.
Alberta challenges national securities regulator
The Canadian Press / December 18, 2009The Alberta government is taking its fight against Ottawa's plans to create a national securities regulator to the province's Court of Appeal in order to test the "constitutional soundness" of the move.
Regulators to consider ABCP settlements
Steven Lamb / December 18, 2009Regulators have announced hearings to consider settlements with firms involved in the sale of non-bank asset backed commercial paper, the market for which collapsed in 2007.
