Company: Mutual Fund Dealers Association

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New York boosts cybersecurity

New bulletin suggests methods for firms to protect the confidentiality of their sensitive client data

An MFDA hearing panel announced a $7-million fine for Dianne Stuart and a $1-million fine for Howard Stuart

The document, which provides further clarification on certain issues, also encourages members to meet with MFDA staff to review their new CRM2 client reports

A regulatory hearing panel has ordered that Rodney Warren also be suspended for 90 days, pay costs of $10,000 and face strict supervision

The founders have also been ordered to pay $50,000 toward the costs of the hearing, but monetary policies will come “in due course”

Although only the CSA has the jurisdiction to change the regulatory landscape in Canada, the white paper raises some very important questions for regulators, said Mark Gordon

The SRO is looking to expand its MOU with FSCO to include reciprocal discipline in areas such as outside business activities and borrowing from clients

The regulator is also taking a proactive approach to members’ concerns about cost and compensation reporting coming into effect with CRM2

Court rules in favour of labour-sponsored venture fund against fund manager

Fund dealers dispute liability for former advisor’s misconduct

Bulletin aims to enhance awareness and understanding of the special audit requirements for external auditors of mutual fund dealers