More than three-quarters of firms conduct cybersecurity training at least annually
Client losses were between 52% and 59% of account value
Guidance is effective immediately
Project is a "first answer to what will be a series of questions" about regulatory barriers
Structure would be based on existing rules for conventional securities trading venues
The former head trader allocated new issues acquired for retail clients to his employer's trading accounts or his own personal trading accounts
Penalties added for unauthorized outside business activity
SRO satisfied firm will put in place appropriate disclosure, policies, procedures and controls
But the total number of decisions rendered by IIROC hearing panels against both firms and advisors increased year-over-year
Focus is on enhanced testing, compensation-related conflicts