Companies will need to provide more information about their transition plans
Fees to increase annually over three years
Alleged victims of Ponzi scheme have been located in the U.S., China and Canada
No pervasive compliance problems uncovered
Tang in court on fraud charges
Regulators allege Ponzi scheme defrauded victims of $30 million
Tang says he’s committed no crime
Toronto police issue arrest warrant
Largest penalty slapped on National Bank Financial
The Canadian PressTwo major financial institutions accused of misdealings in the asset-backed commercial paper market will have to dole out $28 million in fines and costs, in a settlement reached with the Ontario Securities Commission on Monday.CIBC World Markets (TSX:CM) will pay a fine of $21.7 million, plus $300,000 for the cost of the investigation, […]