securities Archives - The Industry Spread

Canadian Securities Regulators Collaborate to Protect Investors and Enforce Securities Law: CSA Fiscal Year 2019/20 Enforcement Report

June 25, 2020

Montreal – The Canadian Securities Administrators (CSA) today released its fiscal year 2019/20 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets. Highlights from …

Bank of Russia recommends how to properly register securities issues

June 18, 2020

The Bank of Russia has updated its recommendations for issuers to avoid typical errors in securities issue registration. The amended recommendations will help issuers comply with the new law on simplifying the securities issue procedure and the revised securities issue standards. The document prepared by the regulator provides answers …

Canadian Securities Regulators Make It Easier for Portfolio Managers to Use Client Relationship Management Specialists

June 11, 2020

Toronto – The Canadian Securities Administrators (CSA) today announced steps to facilitate portfolio managers’ use of client relationship management specialists. These actions aim to better align the CSA’s assessment of …

SEC Explains Differences Between Brokers and Investment Advisors

October 7, 2019

An investment advisor, Clayton noted, “generally manages your account. The advisor can advise you to buy, sell, or hold the securities and the advisor can make some of or all of those decisions for you.” As such, an investment advisor has more decision-making power than does the broker.

BB&T to Return More Than $5 Million to Retail Investors and Pay Penalty Relating to Directed Brokerage Arrangements

March 8, 2019

The Securities and Exchange Commission today announced that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage services in-house at a discount while significantly less expensive options were available externally.