Regulatory

IIROC rep suspended, fined $30,000 over supervisory failures

On December 5, 2016, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement, with sanctions, between IIROC staff and Walter Nick Silicz.

By Staff |December 15, 2016

1 min read

Best interest standard tops investor wish list

You don’t need a crystal ball to predict a future of more regulation. In 2016, CSA dropped a bombshell in the form of proposed targeted reforms and a best interest standard. Also expected this year but still lying in wait: CSA’s report on mutual fund fees, which may decide the fate of embedded commissions. Read: […]

By Staff |December 12, 2016

2 min read

SEC offered 2 whistleblower awards in one week

The SEC announced an award of more than US$900,000 to a whistleblower on Friday--the second award in less than one week.

By Staff |December 12, 2016

1 min read

MFDA rep suspended, fined $45,000

A settlement hearing in the matter of John Alojz Kodric was held on December 6, 2016 in Toronto, Ontario, before a three-member hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada.

By Staff |December 7, 2016

2 min read