Home News From the Regulators Page 53

Latest news in From the Regulators

FCAC sanctions CIBC for loan disclosure failings

Certain fees were not disclosed to borrowers for almost 20 years, regulator alleged

IIROC enforcement fund approved for SRO integration costs

SRO gets green light to help finance initial merger costs

More women on boards, but not in top role

More directors are female, but few lead boards — and fewer still are CEOs

Court asks for evidence of closet indexing

Plaintiffs in proposed class action must show that active funds tracked index

ESMA steps up scrutiny of ESG disclosure

Fight against greenwashing replaces retail investor costs as regulators' top priority

Universal life shouldn’t be universally recommended, regulator says

At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs

SEC adopts exec comp clawbacks

New rules require exchanges to adopt listing standards that set provisions for clawing back pay earned through misconduct

SEC beefs up fund cost, performance reporting rules

Rules streamline fund reports, call for truth in advertising on fees

investing with a smart phone

FCA examines big tech’s role in financial sector

Consultation considers impact of tech giants on competition, consumers

Queen's park, Ontario

Heather Zordel resigns as chair of Ontario Securities Commission

Zordel was the first chair of the provincial securities regulator under its new structure

Man painting pollution green

The lurking risk of greenwashing in Canadian funds

DBRS finds wide divergence in sustainable investing approaches and transparency

School exam student's taking educational admission test in class, thinking hard, writing answer in university classroom, education and world literacy day concept (School exam student's taking educational admission test in class, thinking hard, writing

OSC tests out education, experience exemption

The pilot program expands accredited investor exemptions beyond financial metrics

Greenwashing and isolated green warning sign against white background stock illustration

FCA proposes anti-greenwashing rules

The proposals would restrict the use of "green" terms and set disclosure rules

Judge's gavel with magnifying glass on black.

FSRA initiates enforcement action over MGA’s training practices

The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes

  • By: IE Staff
  • October 25, 2022 October 25, 2022
  • 11:32

OSC, SEC settle with pot company

Regulators resolve accounting irregularity case with dually listed firm

Business lawyer team. Working together of lawyer in the meeting.

Court-appointed counsel says there’s no legal basis to treat Bridging investors differently

A hearing next month will examine whether certain investors are entitled to priority claims

business man using magnifying glass to inspect documents

Rating agencies must boost governance, U.K. regulator says

FCA review finds weakness in oversight

FINRA launches high-tech rulebook

Initiative aims to streamline compliance, facilitate automation

A man in a suit walking up concrete steps.

Bank played coy during financial crisis, FCA says

Regulator seeks sanction for disclosure failings in 2008

OSC asks tribunal to approve settlement with cannabis company, former CFO

The company failed to file accurate financial statements, the regulator alleges

cryptoassets regulation

Crypto cases make up 20% of CFTC enforcement

Agency secured more than US$2.5 billion in monetary sanctions in fiscal 2022

megaphone

Consumer groups call for action on ombudservice

Binding authority, single banking complaint body demanded

Confused trader

National Bank Financial sanctioned for internal control failings

Advisors exploited the firm's inadequate controls, according to a settlement agreement

No duty to disclose beneficiary change, court finds

A widow sued her brokerage firm, alleging it failed to tell her about a change in her husband's accounts

EU energy crisis sparks trading oversight task force

ESMA, EU energy regulator team up to increase market surveillance