Regulatory

OBSI opens fewer cases in Q1

The number of complaints filed with the Ombudsman for Banking Services and Investments (OBSI) declined in the first quarter of its fiscal year The ombudsman’s office opened 237 cases in total, down 9% from the 261 it opened in the final quarter of 2010, and a staggering 21% lower than the 301 cases opened in […]

By Staff |April 15, 2011

1 min read

IIROC focuses on suitability, technology

The Investment Industry Regulatory Organization of Canada has released an updated Strategic Plan, aimed at investor protection, improving its use of technology and how the regulator reacts to unexpected events. “Our revised Strategic Plan will guide us in providing efficient, cost-effective regulation while responding to important changes in the industry and markets we regulate,” said […]

By Staff |April 14, 2011

2 min read

MFDA issues reasons in Bytnar case

A hearing panel of the Prairie Regional Council of the MFDA has issued its reasons for decision in connection with the disciplinary hearing held in Calgary, Alberta on February 9 and 10, 2011 in the matter of Tadeusz (“Ted”) Bytnar. A copy of the hearing panel’s Reasons for Decision is available here, and on the […]

By Staff |April 14, 2011

1 min read

IIROC settles with Maison Placements

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Maison Placements Canada Inc. With this agreement, Maison Placements has admitted that it failed to comply with its best price obligation, and did not adopt policies and procedures to ensure compliance with […]

By Staff |April 13, 2011

1 min read