Regulatory

Bill Rice named new chair of CSA

The Canadian Securities Administrators (CSA) have appointed William S. Rice, Q.C., chair and chief executive officer of the Alberta Securities Commission, as the new chair of the CSA for a two-year term, ending March 31, 2013. “I am honoured to be chosen by my colleagues to lead the CSA and build on our work to […]

By Staff |January 21, 2011

1 min read

IIROC settles with National Bank Financial

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, which includes sanctions, between IIROC staff and National Bank Financial Inc. In the agreement, NBF admits to violating the Universal Market Integrity Rules (UMIR) by failing to meet its trading supervision obligations and audit trail requirements. National Bank […]

By Staff |January 21, 2011

1 min read

IIROC settles with Paul Clarke, Todd O’Reilly

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted settlement agreements between IIROC staff and Paul Clarke and Todd O’Reilly. In the agreements, Mr. Clarke and Mr. O’Reilly admit that they failed to transact business openly and fairly, and in accordance with just and equitable principles of trade, contrary to […]

By Staff |January 21, 2011

2 min read

IIROC settles with Gateway Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement between IIROC staff and Gateway Securities Inc. that results in Gateway’s expulsion from IIROC membership. In the agreement Gateway admits it failed to meet IIROC’s minimum capitalization requirement, contrary to IIROC Rule 17.1. Gateway’s membership had been suspended […]

By Staff |January 21, 2011

1 min read