Compliance

Two people permanently banned, fined $2.4 million each Fallback Image Decorative pattern

Industry

Two people permanently banned, fined $2.4 million each

The British Columbia Securities Commission (BCSC) has permanently banned two people for fraud and breaches of cease trade and temporary orders: Richard Lian (also known as Richard Terry Ruuska) and Enna M. Keller. In the same decision, the panel also ordered permanent bans against EagleMark Ventures and Falcon Holdings for breaching the same cease trade […]

By Staff |February 16, 2017

2 min read

Morgan Stanley to pay US$8M penalty on risky inverse ETFs Fallback Image Decorative pattern

Industry

Morgan Stanley to pay US$8M penalty on risky inverse ETFs

Morgan Stanley has agreed to pay a US$8-million penalty and admit wrongdoing to settle SEC charges related to single-inverse ETF investments the firm had recommended to advisory clients. The SEC found Morgan Stanley didn’t adequately implement its policies and procedures to ensure that clients understood the risks involved with purchasing inverse ETFs, an instrument used […]

By Staff |February 15, 2017

1 min read

Working from home? IIROC’s watching Fallback Image Decorative pattern

Industry

Working from home? IIROC’s watching

Reading this in your pyjamas? Your home might be considered a business location.

By Staff |February 15, 2017

2 min read

Only 43% of Canadian businesses can spot a cyberattack Fallback Image Decorative pattern

Industry

Only 43% of Canadian businesses can spot a cyberattack

Cybersecurity is increasingly on the radar of regulators worldwide. CSA’s recent staff notice on cybersecurity identifies potential common impacts of a cybersecurity incident to a variety of issuers on the S&P/TSX Composite Index, including compromised confidential customer information and reputational harm affecting investor confidence. Read: 61% of S&P/TSX firms call cybersecurity a material risk In […]

By Staff |February 15, 2017

2 min read