Industry News

CSA commenced almost half as many proceedings in 2016

Last year, CSA enforcement resulted in more than $62 million in fines, administrative penalties and voluntary payments. However, it’s difficult to compare that to 2015’s amount of $138 million, because that year saw a few cases with large fines. The 2016 amount better compares to that for 2014: $58 million. Included in the $62 million […]

By Michelle Schriver |April 21, 2017

4 min read

OSC seeks comments on update to procedural rules

The Ontario Securities Commission is seeking comments on a proposal to update the rules of procedure and guidelines for proceedings. The proposed new procedural rules, released Thursday, are to ensure that the OSC’s proceedings “are conducted in a just, expeditious and cost-effective manner.” The separately proposed guidelines assist with applying the procedural rules, and set […]

By Staff |April 20, 2017

1 min read

Mackenzie launches active fixed income ETF

Mackenzie Financial Corporation plans to launch an active income ETF on the NEO Exchange. Mackenzie says it has received final approval from NEO and Canadian securities regulators for the launch of the Mackenzie Global High Yield Fixed Income ETF (MHYB). It’s expected to start trading April 26. The ETF aims to provide income with the […]

By Staff |April 20, 2017

1 min read

Man convicted for fraudulent RRSP scheme

The CRA says a Calgary man was convicted of tax evasion and fraud under the Criminal Code. James Harvey Cameron was convicted on March 28 after running a fraudulent RRSP scheme from 2002 to 2006, CRA says. He diverted $2.5 million of investors’ funds for his own use and failed to report it as taxable […]

By Staff |April 20, 2017

1 min read