Commission will hold its own sanctions hearing
Ruling confirms that illegal trading in contracts for difference constitutes market abuse, FCA says
OSC dismisses $7.4 million disgorgement order against Medra Corp.
The SEC collected a record US$3.4 billion in penalties and other sanctions
The weight this evidence will receive in a hearing will be determined by an OSC panel
Regina rep had elderly clients with low risk tolerance invested in equities and holding a margin account
Rep failed to conduct proper due diligence of shares held in a client’s account
Financial advisor Patricia McLean has lost her bid to avoid multiple sanctions by provincial securities commissions
Firm failed to properly supervise advisors and identify accredited investors purchasing private placements
But the proposal to change enforcement rules has its critics