Regulatory

OBSI starts search for next ombudsman and CEO

The Ombudsman for Banking Services and Investments is looking for its next ombudsman and CEO.

By Staff |May 6, 2015

1 min read

MFDA fines rep $10,000

A settlement hearing in the matter of Clayton Kurt Swerdelian was held on February 26, 2015 in Calgary, Alberta before a hearing panel of the Prairie Regional Council of the MFDA.

By Staff |May 5, 2015

1 min read

SEC charges firm for whistleblower retaliation

The SEC has announced a maximum whistleblower award payment of 30% of amounts collected in connection with In the Matter of Paradigm Capital Management, Inc. and Candace King Weir, File No. 3-15930 (June 16, 2014), the SEC’s first retaliation case. The whistleblower will receive more than $600,000 for providing key original information that led to the successful SEC enforcement action. The whistleblower in this matter suffered unique hardships, including retaliation, as a result of reporting to the Commission.

By Staff |May 1, 2015

2 min read

Transparency a must for shadow-banking sector: CFA study

Like global banks, the shadow-banking sector should be handed new capital requirements.

By Staff |April 27, 2015

1 min read