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SEC PROPOSES EXPANDING SECURITIES ELIGIBLE FOR CROSS TRADING BY REGISTERED FUNDS

The Securities and Exchange Commission proposed amendments to the Investment Company Act “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates un...

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Investment Executive
BOILER ROOM BROKERS SANCTIONED
October 12, 2026

U.S. courts ordered sanctions against the perpetrators of a boiler room brokerage scheme, including a trio of Canadians that alle...

Investment Executive
ADVISOR CHERRY PICKED TRADES, SEC ALLEGES
October 12, 2026

The U.S. Securities and Exchange Commission (SEC) alleges that a California-based advisory firm “cherry picked” trades to benefit...

Investment Executive
AMEX SANCTIONED FOR AML FAILINGS
October 12, 2026

American Express was hit with a US$350-million penalty by U.S. banking regulators for weaknesses in its anti-money laundering (AM...

Investment Executive
OSC FLAGS ISSUES WITH INDUSTRY AI USE
October 12, 2026

An initial review of securities industry firms’ use of AI tools has raised concerns about their governance and controls. In the l...

CIRO
CANADIAN SECURITIES REGULATORS PUBLISH FINAL AMENDMENTS PROHIBITING CHARGEBACKS IN INVESTMENT FUND DISTRIBUTION
October 09, 2026

The Canadian Securities Administrators (CSA) announced the publication of final amendments to National Instrument 31-103 Registra...