Regulatory

More provinces oppose national regulator

Lobbying effort against the proposed national watchdog gets stronger as four provinces are now officially joining Québec and Alberta in opposing the federal government's plan.

By Vikram Barhat |February 18, 2011

2 min read

New bank insurance rules offer clarity

Anyone wanting to voice their opinion on the regulations governing banks in the insurance business should speak up—the comment period closes March 4.The federal government rather quietly issued draft regulations that appear to give the stamp of approval to locating insurance branches near banking branches. Under the proposed regulations, Section 10 of the Insurance Business […]

By Steven Lamb |February 17, 2011

4 min read

IIROC announces settlement with Richard Roy

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Richard Roy. In the agreement, Mr. Roy admits that he failed in his know-your-client obligations and that he inappropriately followed trading instructions from an unauthorized third party. Mr. Roy has agreed to […]

By Staff |February 15, 2011

1 min read

MFDA finds against Tadeusz Bytnar

A disciplinary hearing in the matter of Tadeusz (“Ted”) Bytnar (the “Respondent”) concluded yesterday in Calgary, Alberta before a three-person Hearing Panel of the MFDA’s Prairie Regional Council. After hearing submissions from Staff of the MFDA, the Hearing Panel found that the following allegations in the Notice of Hearing had been established: Allegation #1: In […]

By Staff |February 14, 2011

2 min read