FREE Membership Sign in

JavaScript is disabled in your browser.

In order visualise this page, please follow these steps.

Regulator issues over $300K in fines and costs

By The IJ Staff | Oct. 21, 2019, 1 p.m.

A regulator has issued more than $300K in fines and costs for financing and confidentiality transgressions.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in Investment

Sanctions for pre-signed forms levied against former Fredericton rep

Pension funding rises in March

Insurers express increased appetite for private market investments

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Related topics …

Flash

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Wholesalers have growth ambitions

Investments

Your client’s concerns in 2024

Insurers express increased appetite for private market investments

Registered retirement savings plan contributions resume downward trend

Life insurance associations urge government to make tax changes

Life Insurance

Direct simplified issue offerings benefit advisors eventually

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

Tips for increasing your firm’s value

MACKIE RESEARCH CAPITAL CORPORATION (MRCC)

Rep sanctioned for third party app usage and failing to act as gatekeeper

Former Mackie executive sanctioned

Outside business activities end in $75k fine

Mackie and portfolio manager fined for failing to adequately supervise

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

Firms, associations and reps weigh in on advisor compensation

Regulator sanctions agent twice for same infractions

Regulator orders $30,000 fine, costs and disgorgement in suitability case

Enforcement year in review unveiled by new regulator

Regulation

Quebec flood zone map raises concerns even before its release

Ontario regulator publishes guidance for comment

National Flood Insurance Program promised again in budget

Mutual fund rep fined close to $1.7-million

Compliance

Regulator revokes healthcare service providers’ licenses

Regulator comes down on the whole industry for Take-All-Comers non-compliance

Regulator imposes $600,000 in administrative penalties

Serving clients without regulatory approval or adequate controls costs firm $100,000

Disciplinary Decisions

Inactive agent with an active license fined for not maintaining liability insurance

Supervisors fined when licensee leaves client uninsured for months

Agent who defrauded retired couple banned from securities registration

Agency fined $20,000 for repeatedly allowing unlicensed activity