B.C. court dismisses appeal in "enhanced compensation" case
Amid concerns about consumer harm, the regulator has backed away from a plan to allow incentives
Regulator's priorities for 2021–2022 include curbing compliance costs and ethical AI
The shortcomings may be addressed through the CSA's client-focused reforms
Establishing “harm” is no easy task
Following several high-profile administrative penalties for “excessive” spending on promotional activities and non-monetary benefits, there’s little clarity from regulators as to what’s acceptable
OSC investigation reveals firm violated sales rule by overspending on gifts for reps and conference attendees
The mutual fund company has agreed to pay more than $1 million in penalties and costs for violating sales practices rules
Violations of the rule involve certain incentives programs
The firm admitted that it failed to adequately supervise leveraged accounts and concentration risk