Latest news in Industry News

Stack of cryptocurrencies in a circle on the motherboard

Crypto firms acted like banks, then collapsed like dominoes

In less than 12 months, nearly all the biggest lenders have failed spectacularly

court gavel regulatory

Discount brokers can’t be sued over pre-ban trailers, court rules

Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban

personality test

New SRO plans October business continuity test

The biennial exercise will be coordinated with the U.S. industry

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 16:09
confusing array of advisor titles

FSRA proposes cyber guidance for title credentialing bodies

Groups issuing financial planner and advisor titles must meet cybersecurity guidelines

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 15:38
Financial graph on technology abstract background

Bloomberg sanctioned over bond pricing disclosures

Securities prices sometimes relied on single sources, the SEC alleged

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 14:38
Wooden gavel used by a judge or auctioneer

Advisor hit hardest in Amaya Gaming insider trading case

An Ontario tribunal handed down $5.1 million in penalties and other costs


Jean-Guy Desjardins returns as Fiera CEO

Jean-Philippe Lemay is stepping aside after one year in the job

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 10:48
Bitcoin, Litecoin and Ethereum

Crypto lending product ruled a security: SEC, NASAA

U.S. regulators settle with firm over unregistered product


Firms have immunity to aid SRO investigations, court rules

B.C. court strikes certain claims in rep's wrongful dismissal suit


New circuit breakers for CDRs

Growth in Canadian depositary receipts prompts SRO to expand guidance on trading halts

Credit card

Credit card debt hits record high

Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan


FP Canada names top performers of latest CFP exam

The three candidates were among 507 exam writers

  • By: Staff
  • January 19, 2023 January 19, 2023
  • 15:50
Toronto skyline in financial district

TD Bank Group says Charles Schwab investment will add $285M to Q1 profit

TD holds a 12% stake in Schwab

Business man making a presentation at office. Business executive delivering a presentation to his colleagues during meeting or in-house business training, explaining business plans to his employees.

Industry moves this week

Changes include two business banking leadership shifts

  • By: Katie Keir
  • January 19, 2023 January 19, 2023
  • 15:15
ON AIR radio microphone retro vintage fm broadcasting interview transmitter

TD says Barbara Hooper to lead Canadian business banking

Longtime head Paul Douglas is stepping back from daily operations

businessman searching with binoculars

Big Six banks face challenging 2023: DBRS Morningstar

Indebted consumers, slower economic growth, potential for recession are key factors in play

  • By: Staff
  • January 19, 2023 January 19, 2023
  • 13:30
Two golden coins - Bitcoin and Ethereum

Crypto exchange moved US$700 million for darknet: DoJ

U.S., European authorities take down Bitzlato platform

Oil field oil workers at work

Pension funds improving on climate but still falling short: report

Canadian funds have largely shied away from fossil-fuel divestment

Magnifying glass highlighting investment stock quotes in business section of newspaper.

Court sides with firm in dispute over advisor-managed funds

Rep sought to bring funds she managed for clients to new business


BMO receives regulatory approval for Bank of the West acquisition

U.S. deal will add nearly 1.8M customers

microphones sitting on table

Former MFDA IPC head Dorothy Sanford to chair new investor group

York University's Moshe Milevsky is the new IAP's vice-chair

microphones sitting on table

Morisset to leave AMF in July

Quebec's top regulator will leave the agency after 17 years, including 10 at the helm

  • By: Staff
  • January 17, 2023 January 17, 2023
  • 16:01
Rear view of businessman standing in light of way

Prepping for the death of a key money market instrument

Bankers’ Acceptances, which represent 20% of money market, expected to disappear in 2024

court gavel regulatory

U.S. court orders restitution for crypto Ponzi victims

Victims of global BitConnect scheme to recover US$17 million

Bitcoin, Litecoin and Ethereum

SEC steps up crypto crackdown

Crypto lending program amounted to an unregistered offering, regulator alleges