News and resources for Canada's top financial advisors
Est. 1998
Industry
On July 5, 2017, an IIROC hearing panel accepted a settlement agreement, with sanctions, between IIROC staff and Scotia Capital Inc. Scotia Capital admitted it failed to adequately supervise two registered representatives when they recommended unsuitable securities transactions for clients. The transactions weren’t in keeping with good business practice, contrary to IIROC dealer member rules […]
By Staff |July 19, 2017
1 min read
The Ontario Securities Commission approved a settlement agreement with Electrovaya Inc. and its president and chief executive officer, Sankar Das Gupta, for the company’s failure to comply with disclosure obligations and update forward-looking information. The settlement agreement follows allegations by OSC staff that Electrovaya issued unbalanced press releases and failed to update its disclosure record, […]
By Staff |July 5, 2017
2 min read
Man breached order involving illegal sale of securities
By Staff |June 21, 2017
Rep fails to respond to repeated requests from IIROC
An Alberta Securities Commission (ASC) panel has sanctioned five respondents: As outlined in the merits decision from February 2017: Investors lost all their capital, and one investor incurred $25,000 to $30,000 in legal fees seeking to recover his funds. In rendering its sanction decision, the ASC panel ordered that: Chmelyk’s sanctions are in effect until […]
By Staff |June 19, 2017
Mitigating factors include an internal fine and a civil action
By Staff |May 16, 2017
Wrongdoers are already adequately disciplined, and harmed investors won't benefit, says lawyer
By Staff |May 12, 2017
Clients lost $125,000 and $41,000, respectively.
By Staff |April 24, 2017
Last year, CSA enforcement resulted in more than $62 million in fines, administrative penalties and voluntary payments. However, it’s difficult to compare that to 2015’s amount of $138 million, because that year saw a few cases with large fines. The 2016 amount better compares to that for 2014: $58 million. Included in the $62 million […]
By Michelle Schriver |April 21, 2017
4 min read
Fine of $3 million imposed for misleading investors
By Staff |April 19, 2017
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