HSBC Investment Divisions Settle With B.C. Securities Commission On Over-Charging

Darpan News Desk The Canadian Press, 13 Jun, 2016 01:12 PM

VANCOUVER — The B.C. Securities Commission says two divisions of the HSBC Bank Canada have settled with the regulator after over-charging investment clients.

The securities commission said HSBC Investment Fund Inc. repaid 4,651 clients a total of $7.1 million while HSBC Private Wealth Services Inc. repaid 10 clients about $10,000 after inconsistently applying discounts.

The commission said the two HSBC divisions co-operated fully with the review and agreed to pay the regulator $320,000 in the settlement.

Prev Next

MORE National ARTICLES

B.C. Health Minister Terry Lake Predicts Record Drug Overdose Deaths This Year

British Columbia's health minister says he's hopeful the rate of drug overdose deaths will start dropping this month as a result of action taken by the province to curb a disturbing spike in opioid-related fatalities.

B.C. Health Minister Terry Lake Predicts Record Drug Overdose Deaths This Year

Sorry, Trump: Canada Isn't Committing To Doubling Defence Spending

Defence Minister Harjit Sajjan was asked during a visit to Washington about the request that NATO allies meet their stated goal of spending two per cent of GDP on the military.

Sorry, Trump: Canada Isn't Committing To Doubling Defence Spending

'Text And Drive' Billboards On Toronto Highway Deliver Grim Message

TORONTO — Drivers on one Toronto highway are seeing a counterintuitive message this week: "Text and Drive."

'Text And Drive' Billboards On Toronto Highway Deliver Grim Message

Stable Rebuilds As Owners, Trainers Grieve Deaths Of 43 Horses In Barn Fire

It's the only thing that helps ease the pain for Barb and Jamie Millier, who are still struggling with feelings of guilt and regret for the deaths of 43 horses in a horrific barn fire earlier this year.

Stable Rebuilds As Owners, Trainers Grieve Deaths Of 43 Horses In Barn Fire

Canada's Most Notorious Prison, Kingston Penitentiary, Opens Its Doors To Public Again This Summer

Visitors will be able to tour the historic Kingston Penitentiary — which has held serial killers, rapists and bank robbers — from June 14 to Oct. 29 as part of a new arrangement between the eastern Ontario city and the provincial and federal governments.

Canada's Most Notorious Prison, Kingston Penitentiary, Opens Its Doors To Public Again This Summer

Kitchener, Ont. Woman Follows Car's GPS Directions Into Lake Huron, Swims To Shore

Ontario Provincial Police say the 23-year-old woman from Kitchener, Ont., was following a route on her car's GPS while driving in the dark on Thursday night in Tobermory, Ont.