Fraud

SEC charges advisor who allegedly defrauded pro athletes Fallback Image Decorative pattern

Industry

SEC charges advisor who allegedly defrauded pro athletes

The SEC has announced fraud charges against a financial adviser who SEC has accused of taking money without permission from the accounts of several professional athletes.

By Staff |May 9, 2016

2 min read

FSCO warns of mystery shopper scam Fallback Image Decorative pattern

Industry

FSCO warns of mystery shopper scam

The FSCO is warning consumers and insurers that two companies are conducting a mystery shopper scam.

By Staff |April 29, 2016

1 min read

Auditor liability to investors is changing Fallback Image Decorative pattern

Industry

Auditor liability to investors is changing

More accounting indiscretions are likely to surface

By Al and Mark Rosen |April 8, 2016

4 min read

Are firms responsible for advisor misconduct? Fallback Image Decorative pattern

Industry

Are firms responsible for advisor misconduct?

When advisors are fined by regulators but can’t pay, their firms aren’t responsible for picking up the tab. Philip Anisman, a Toronto-based securities lawyer, confirms this. “If an advisor violates securities laws and is sanctioned by the Commission, his employing firm should not be indemnifying him. That diminishes the sanction.” Also, firms aren’t typically responsible […]

By Katie Keir |April 8, 2016

3 min read