Regulatory

Regulator rejects client complaint

An arbitration panel convened by U.S. self regulator FINRA opted to strike from the record a complaint against a UBS trader who was alleged to have ignored client instructions, resulting in economic loss.

By Staff |January 17, 2012

1 min read

Advisor fined $50,000 for outside activities

Undislcosed executive-level jobs result in hefty fine, 10-year ban for MFDA registrant.

By Staff |January 13, 2012

2 min read

Concrete Equities execs face $5.6 million penalty

The Alberta Securities Commission (ASC) has imposed sanctions totalling $5.6 million on four executives for their roles in illegally distributing securities of the Concrete Equities group.

By Staff |January 11, 2012

2 min read

Inaccurate KYC costs advisor $167,000

An IIROC hearing panel found that Kenneth Gareau recorded inaccurate "know your client" information on client account forms, made unsuitable recommendations and made a transaction against the expressed wishes of a client.

By Staff |January 10, 2012

1 min read