fines

Industry

Rep fined $20,000, suspended by MFDA

A hearing in the matter of Imtiaz Mahamood Mohamed was held today before an MFDA panel.

By Staff |December 4, 2012

1 min read

Industry

Raymond James fined $50,000 for supervision failure

On November 22, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between IIROC staff and Raymond James Ltd. Raymond James admitted it failed to ensure adequate supervision of the option trading in 23 client accounts of one registered representative. Specifically, Raymond James admitted to the following […]

By Staff |December 3, 2012

1 min read

Industry

Rep fined, disgorged over leveraged ETFs

Following a disciplinary hearing held on September 12, 2012, Benoît Beaulne was fined $30,000 and suspended for unsuitable sales.

By Staff |November 27, 2012

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Industry

Rep fined for borrowing $10,000 from clients

On November 9, 2012, a hearing panel of IIROC accepted a settlement agreement between IIROC staff and Stephen Moran.

By Staff |November 23, 2012

1 min read

UBS faces £50M fine for rogue trader

UBS could face up to a £50M ($80 million) fine for management failures that led to a $2.2 billion rogue trading loss. UBS trader Kweku Adoboli was convicted of fraud on Tuesday, and jailed for seven years. Read: UBS trader found guilty of fraud The FSA and UBS are finalising the details of a settlement, […]

By Wire services |November 23, 2012

1 min read