Bank manager processed US$92 million worth of transactions for ring
Class action brought on behalf of full-service clients with funds that paid trailers
SEC, DoJ charge six in market manipulation, insider trading schemes
Credential requirements are being phased in over the next few years
Notes must meet two-part test to count as evidence
Operating environment unfavourable as risks, uncertainty, rise
Customers paid higher fees, got less interest on cash balances: FINRA
For Canadian producers, the need for foreign pipeline access ramps up
Industry has capital strength, liquidity to ride out economic headwinds
Market more important than experts in establishing materiality, court says