Regulatory

IIROC hands down $20,000 in fines

Following a penalty hearing held on December 13, 2012, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), imposed the following penalties on Peter Michael Deeb:

By Staff |March 11, 2013

2 min read

Educate clients about financial fraud risks

The majority of Canadians (81%) are worried about financial scammers.

By Staff |March 11, 2013

1 min read

FINRA fines Ameriprise and clearing firm $750,000

FINRA has fined Ameriprise Financial Services, Inc. and its affiliated clearing firm $750,000 for failing to have reasonable supervisory systems in place to monitor wire transfer requests and the transmittal of customer funds to third-party accounts.

By Staff |March 4, 2013

2 min read

Assistant busted for ripping off advisors

An IIROC panel says Jordan Rocco Steel misappropriated approximately $40,000 from two investment advisors.

By Staff |March 1, 2013

1 min read