Compliance

Compliance, social media can co-exist

When a whole 45-minute session at a compliance conference is committed to the use of social media in the financial services industry, it’s a sign that saying “no” to social media is no longer an option for advisory firms.

By Vikram Barhat |March 23, 2012

3 min read

Industry

Why you don’t outsource compliance

John Derek Lane, president and CEO of Lane Capital Markets, has been sanctioned by the Financial Industry of Regulatory Authority (FINRA) for delegating all of his compliance related duties to his CCO from May 2009 to March 2010.

January 31, 2012

1 min read

Industry

Two ways to reduce compliance costs

Find out what parts of your practice are unprofitable by using full-cost accounting—that means including compliance costs, which are often overlooked.

By Richard E. Austin |January 19, 2012

2 min read

Industry

Social networking not delivering the goods

Financial services industry has been slow to adopt social media and has so far been unable and unwilling to leverage the medium to its fullest potential.

By Vikram Barhat |December 29, 2011

1 min read

Avoid exempt market risks

Anyone in this space knows that as of September 28, 2010, the sale of exempt products in Canada, with a few notable exceptions, requires registration as a dealer and for individuals, as a dealing representative.

4 min read

IIROC announces settlement with Mary Louise Kasten-Brown

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Mary Louise Kasten-Brown. In the settlement agreement, Ms. Kasten-Brown admits she failed her know-your-client and suitability obligations when she processed the opening of accounts and facilitated private share purchases for eight clients, […]

By Staff |July 8, 2011

1 min read

Changing dynamics of market surveillance

Regulators are running full-tilt to protect the markets from intentionally abusive as well as unintentionally disruptive behaviour, Miranda Mizan, principal of the TABB Group said during a StreamBase webinar on new requirements for market surveillance. The flash crash of May 6, 2010, which saw the Dow Jones Industrial Average drop almost 600 points in about […]

2 min read

When compliance comes calling

“Hi, I’m Andrew Symonds from Head Office; I’m calling to schedule your audit. What’s good for you the week after next?” A call like this from compliance, about an impending branch review examination, is a surefire trigger for the fright and flight response. But a branch review needn’t be a cat and mouse game. Nor […]

5 min read

Beware the new e-rules

Recent federal government regulations will allow banks and other financial institutions to do more business with customers online and electronically transmit documents currently mailed at hefty postage, printing, disposal and environmental costs.

3 min read