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Funds falling short on value for investors, U.K. regulator says

FCA says there's work to be done in terms of ensuring value and enhancing competition

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CSA to examine ETF sector

The review will determine whether reforms are needed in the fast-growing market

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Biden issues executive order restricting U.S. investments in Chinese technology

Senior administration officials said the effort stemmed from national security goals rather than economic interests

  • By: Josh Boak
  • August 9, 2023 August 9, 2023
  • 16:48

BMO, Wall Street firms sanctioned for app violations

Regulators fined firms a total US$549 million for record-keeping failures

Flat Illustration concept customer rating on tablets

CIRO plans industry-wide client research project

SRO to expand former MFDA project to all dealers in 2024

Businessman Blowing Whistle Isolated on White Background

Seven tipsters share US$100-million reward

SEC orders massive award for tips that led to multiple enforcement actions

Judge looks at papers

Court rejects fine for trading ban breach

OSC sought fine but court ordered a suspended sentence

Couple behind US$4 billion crypto hack plead guilty

Pair pleads to money laundering charges in major crypto theft case

Old and new sign

New FCA regime good for clients, tough on firms

Margins, profits to be squeezed as consumer protections boosted

Blackboard rating

Most firms falling short in conflict compliance

Regulators found firms are failing to identify and manage conflicts in clients' best interests

Judge makes ruling

Court pauses rival series of trailer-fee lawsuits

Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages

Fraudster imprisoned

Adviser’s insider trading more extensive than SEC thought

Offshore stock trades came alongside previously-sanctioned options trades

Regulators say advisor awards based on production may mislead clients

The CSA and CIRO will consider such awards a compliance issue

Judge looks at papers

Court poised to certify BMO holiday pay class action

B.C. court says case meets criteria and allows plaintiff to revise claim

  • August 1, 2023 August 1, 2023
  • 16:32
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FSRA consults on consumer warnings

Regulator issues proposed guidance for public comment until Aug. 25

SEC flags brokers’ failures on money laundering

Compliance reviews exposed gaps in firms' anti-money laundering controls

Advisors should help business owners prepare for new corporate ownership registry

Bill C-42 would bring public access to private corporations’ beneficial ownership info

Crypto coins

SEC alleges US$1 billion crypto offerings were offside

Regulator insists cryptoassets were securities, despite efforts to skirt that designation

CRA releases revised form for mandatory tax disclosures

Expanded reporting regime is intended to help the CRA fight aggressive tax planning

U.S. regulators unveil bank capital reform proposal

Securities industry association expresses concerns with planned changes

CFRs, crypto firms top OSC compliance reviews

Report on industry conflicts to be published soon with CSA, CIRO

Judge looks at papers

Portfolio manager settles KYC, suitability issues

BCSC orders eight-year ban, alongside $60,000 penalty

BCSC sanctions offside online influencing

Marketing company gets first-ever penalty for deficient advertorial disclosure

New SEC rule requires public companies to disclose cybersecurity breaches in 4 days

The rule encompasses third-party apps

AI technology

SEC targets conflicts in AI

Proposed rules would require firms to identify and combat conflicts built into technologies