No-contest settlements – Investment Executive

OSC seeks more money for harmed investors

jameslangton — Thu, 11 Jul 2024 18:51:50 +0000

Regulator proposes new regime to pay out disgorged funds to victims of misconduct

jameslangton — Wed, 18 Oct 2023 18:05:46 +0000

New guidance signals larger fines, more misconduct admissions

Alan — Fri, 08 Mar 2019 20:01:00 +0000

Editorial

Alan — Thu, 07 Jun 2018 21:10:58 +0000

The two dealers will pay slightly less than $11 million to resolve allegations that clients paid excess fees

Alan — Tue, 05 Jun 2018 18:30:37 +0000

The two dealers self-reported weaknesses in their controls which resulted in some clients paying excess fees

Megan — Fri, 04 May 2018 19:17:23 +0000

Enforcement tool enables regulators to resolve cases more quickly

Alan — Thu, 21 Dec 2017 19:45:00 +0000

Two Assante dealers to pay regulator and reimburse clients for alleged overcharging

Alan — Tue, 19 Dec 2017 15:15:00 +0000

An internal review discovered certain clients were not advised they qualified for lower-fee versions of certain mutual funds

Jean-Marc Jutras — Fri, 25 Aug 2017 05:00:00 +0000

More than 250,000 clients have overpaid on fees

Pablo — Thu, 13 Jul 2017 15:40:00 +0000

The dealers allegedly overcharged fee-based client accounts about $6 million and mutual fund accounts $5.7 million between 2005 and 2016