News and resources for Canada's top financial advisors
Est. 1998
Industry
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that five employees at TD Securities Inc. violated the Universal Market Integrity Rules (UMIR) by entering artificial closing bids in 322 instances over a six-month period. The panel dismissed an allegation that TD Securities failed to comply with its trading supervision […]
By Staff |December 20, 2010
2 min read
The Autorité des marchés financiers (AMF) has filed penal proceedings against six individuals in connection with Centre de traitement d’information de crédit (C.T.I.C.) inc. and is seeking fines totalling $2,795,350. Specifically, the AMF has filed 127 charges against Patrick Gauthier for illegally acting as a securities dealer on 16 occasions and, on 88 occasions, aiding […]
A settlement hearing in the matter of Zenon Smiechowski was held yesterday in Vancouver, British Columbia before a Hearing Panel of the MFDA’s Pacific Regional Council. The Hearing Panel accepted the Settlement Agreement between Mr. Smiechowski and MFDA Staff, as a consequence of which Mr. Smiechowski: In the Settlement Agreement, Mr. Smiechowski admitted that: (a) […]
By Staff |December 17, 2010
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement, including sanctions, between IIROC Staff and Alain Béland. In the agreement, Mr. Béland admits to engaging in conduct unbecoming and detrimental to the public interest, contrary to IIROC Rule 29.1, and failing to ensure investment recommendations to his […]
3 min read
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement between IIROC staff and Jean-Guy Ducharme. In the agreement, Mr. Ducharme admits to making over-the-counter transactions for his personal account without informing his firm. He also admits to failing to ensure that certain investment recommendations were suitable to […]
The Ontario Securities Commission has named Christopher Portner as a commissioner for a two-year term.
By Staff |December 16, 2010
1 min read
The Autorité des marchés financiers (AMF) has launched a penal proceeding against Hershey Rosen in the Court of Quebec, district of Montreal, and is seeking $810,000 in fines and a prison term in connection with this matter.
December 14, 2010
This story bears repeating. Vikram Barhat tracked down some of the most common compliance problems among advisors. • • • A slew of financial violations have been keeping the hearing panels of MFDA and IIROC busy. Although many are deliberate, some of these offences are the result of glaring ignorance that leads financial practitioners afoul […]
By Vikram Barhat |August 30, 2010
6 min read
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