FINANCE & INSURANCE

The B.C. Securities Commission has alleged that Richard Gozdek and two other Lower Mainland men illegally sold investments in an Oklahoma oil deal to more than two dozen B.C. residents. In a notice of hearing, the...
Inspectors from WorkSafeBC, the Workers’ Compensation Board of British Columbia, are currently hammering down on roofers and framers on wood frame construction sites who flout the province’s safety regulations. A six month inspection blitz that...
The Insurance Council of B.C. recently released disciplinary findings against a broker who used insurance premiums from clients to pay business and personal expenses and another agent who accessed confidential files at the Insurance Corporation...
There would be no need for Ontario to maintain a separate and duplicative solvency regime for the few such companies that remain in the province under a Financial Services Commission of Ontario (FSCO) proposal. FSCO’s consultation...
Ontario’s broker self-regulator has witnessed enough of an increase in inducements and sales incentives to issue a bulletin to brokerage principals throughout the province. The Registered Insurance Brokers of Ontario (RIBO) sent the notice last month. “We...
Automobile dealerships in British Columbia may face more stringent educational and licensing requirements in selling “secondary automobile insurance products,” according to the Insurance Council of British Columbia. Dealerships in the province have been allowed to market...
As Canada gears up for public hearings into a controversial plan to introduce “no-contest” settlements for securities law breaches, the chief regulator in the United States is reining in use of the settlements that don’t...
Great overview of Insurance Council of British Columbia. Download PDF here. Notaries Publication
No-contest settlements proposed by Canada’s largest securities regulator are “wrong in principle” and “would make a complete mockery of the enforcement process,” declared a former director of enforcement. Michael Watson, a special adviser to the RCMP’s...