FINANCE & INSURANCE

An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has accepted a settlement with Scotia Capital Inc. that will see the firm pay $175,000 after admitting it failed to properly supervise Krishna Sammy, a...
The Investment Industry Regulatory Organization of Canada (IIROC) has issued new guidance for firms on supervising employees who work from home as the investment advisor workforce becomes increasingly mobile and flexible. IIROC is increasingly seeing advisors… Read...
The Canadian Securities Administrators (the “CSA”) recently released their 2016 Enforcement Report (the “Report”) which highlights actions taken by the CSA across Canada.  The Report was summarized by the Chair of the CSA as follows: The...
Social media has emerged in recent years as a common and important venue for reporting issuers to connect with potential customers, shareholders and other stakeholders. As social media and the use of the internet have...
British Columbia's financial services regulator is launching a sweeping review that could result in major changes to the governance of the province's credit unions. Financial Institutions Commission superintendent Carolyn Rogers told The Globe and Mail that...
Advocis, The Financial Advisors Association of Canada, is calling on the Canadian Council of Insurance Regulators (CCIR) to find some way to better harmonize the nation-wide implementation of its regulatory solutions. “There has been much progress...
In an unprecedented move, the B.C. government is bringing in a new office to help regulate the red-hot real estate market in the province. Michael Noseworthy has been appointed the new “superintendent of real estate.” The...
B.C. has appointed a new superintendent of real estate to oversee the roll out of new regulations for the industry. Micheal Noseworthy is a former lawyer from Newfoundland and Labrador who has served in a number...
A few months back, B.C.’s mortgage broker regulator fined and banned Jorawar Singh Gosal from the broker industry for 10 years. Mr. Gosal admitted to doctoring a client’s income documents to get his mortgage approved. Given...
B.C.’s auditor general has warned the province’s oversight agency for credit unions is handicapped by an acute staff shortage. On Thursday, Auditor General Carol Bellringer released an audit saying that despite repeated efforts a staff shortage...