Regulation

Goldman Sachs fined $22 million

The Financial Industry Regulatory Authority (FINRA) has fined Goldman Sachs $22 million for failing to supervise equity research analyst communications with traders and clients, and for failing to adequately monitor trading in order to detect information breaches by research analysts.

April 13, 2012

2 min read

IIROC rep fined $600,000

Following a disciplinary hearing held February 28, 29 and March 1, 2012, an IIROC hearing panel found Sandy Joseph Bortolin liable for his breach of IIROC Dealer Member Rule 29.1. He engaged in undisclosed financial dealings and misled IIROC staff in their investigations.

By Staff |April 13, 2012

1 min read

CSA, IIROC regulate dark orders

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are implementing a new regulatory framework for the use of orders entered without pre-trade transparency, referred to as dark orders.

By Staff |April 13, 2012

2 min read

CSA seeks comment on OTC exemption

The Canadian Securities Administrators has published for comment CSA Consultation Paper 91-405 - Derivatives: End-User Exemption. The paper is part of a push to improve regulatory oversight of over-the-counter derivatives.

By Staff |April 13, 2012

1 min read