News and resources for Canada's top financial advisors
Est. 1998
Industry
Your business owner clients may be getting some good news today. The CFIB is meeting with Ontario government representatives to work on reducing the regulatory burden on small businesses in the province. Read: Plan for the 5 stages of building a business They are proposing the following action plan, with officials having only 60 days […]
By Staff |August 29, 2012
1 min read
The Investment Industry Regulatory Organization of Canada (IIROC) has released its 2011-12 Annual Report, which is called Raising the Bar. This report includes an updated strategic plan scorecard, which measures the progress of its strategic goals. Other highlights include discussions and updates on: • Reforms IIROC has implemented over the past year after extensive stakeholder […]
By Staff |August 24, 2012
The OSC is seeking comment on its draft of OSC rules 13-502 and 13-503, which proposes amendments to its funding model for the next three years.
By Staff |August 23, 2012
A settlement hearing in the matter of Michel Joseph Landry was held today in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council. Landry was previously employed as an alternate compliance officer, shareholder and dealing representative with Independent Accountants Investment Group. He voluntarily resigned in January 2012. Read: Compliance failure costs IAIG […]
U.S. auditors may face more stringent regulatory oversight, after the PCAOB's first regulatory report revealed deficiencies in their reports and techniques.
By Wire services |August 22, 2012
2 min read
Canadian regulators are often accused of being one step behind financial fraudsters. But, the qualities of our provincial commissions may not be the problem; turns out, regulators are often underfunded and have struggled since the recession.
July 26, 2012
A British Columbia Securities Commission panel has found three B.C. men, along with a parking technology company, illegally distributed securities. They raised approximately $3.5 million from investors who didn’t qualify for exemptions from securities laws. Read: 3 core principles of CRM The panel found Photo Violation Technologies (PVT), Frederick Lawrence Marlatt, Michael Wallace Minor, and […]
By Staff |July 20, 2012
In 2002, HSBC purchased Grupo Financiero Bital—a Mexican lender lacking a compliance department at the time. Five years later, the head of the British giant’s Latin America compliance department, voiced his frustration and concerns about the Mexico unit overseeing the acquired company’s activities, reports Financial Times. Read: HSBC in talks to sell Latin American units, […]
By Wire services |July 19, 2012
Canadian execs are divided when it comes to using social media to boost business, says a new poll. While many value its potential benefits, they’re still concerned about its serious risks.
June 20, 2012
3 min read
The best way to prepare for a regulatory audit is to conduct a compliance review of your own.
By Vikram Barhat |June 19, 2012
4 min read
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