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NASAA targets ‘cross-selling’ sales tactic in investment and banking sectors

The North American Securities Administrators Association (NASAA) is an association of securities administrators from Canada, the United States of...

IIROC moving forward with new enforcement tools

The Investment Industry Regulatory Organization of Canada, Canada’s national investment dealer self-regulatory organization, has announced it...

Canadian prosecutors secure two more convictions in foreign corruption case

Two convictions recently handed down by the Ontario Superior Court of Justice account for two of only three convictions secured by prosecutors in...

U.S. regulators coordinate enforcement of violations involving the FCPA

While many in Canada lament the ‘fragmented’ financial regulatory environment that is a hallmark of  its constitutional division of...

OECD releases report confirming non-trial resolutions represent the main mechanism used to combat transnational corruption issues

The seventh annual Global Anti-Corruption and Integrity Forum of the Organisation for Economic Co-operation and Development (OECD) was held in Paris...

Wells Fargo officials reach $240 million settlement over unauthorized accounts

On February 28, 2019, a $240 million (U.S. dollar) settlement reached between Wells Fargo executives and directors and the bank’s U.S....

Inter-jurisdictional enforcement against cryptocurrency-related financial products

In its first enforcement decision concerning cryptocurrency, the Ontario Securities Commission permanently prohibited USI-Tech Limited from...

Ontario Securities Commission announces first ever whistleblower awards

In a landmark announcement on February 27, 2019, the Ontario Securities Commission said that it had paid out its first-ever whistleblower awards...

Apple lawyer charged with insider trading

The recent insider trading case of a former senior lawyer at Apple Inc. serves as a reminder that those tasked with upholding a company’s...

New guidance from OSFI on technology and cybersecurity incident reporting

Cyber security continues to be a chief concern for Canadian regulators. On January 24, 2019, the Office of the Superintendent of Financial...