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

150 B.C. Mounties Heading To Help Fire-Ravaged Fort McMurray

B.C. RCMP spokesman Staff Sgt. Rob Vermeulen says about 150 tactical troop members and traffic service officers are being sent.

150 B.C. Mounties Heading To Help Fire-Ravaged Fort McMurray

Investigators Believe Wildfires In B.C.'s Peace Region Deliberately Set

The Environment Ministry said fire investigators and conservation officers have found evidence to suggest the fires in the Peace region were deliberately set.

Investigators Believe Wildfires In B.C.'s Peace Region Deliberately Set

B.C. Government To Release Travel Expenses, Calendars On A Quarterly Basis

De Jong says travel expenses for cabinet ministers, including receipts, will be released on a quarterly basis.

B.C. Government To Release Travel Expenses, Calendars On A Quarterly Basis

Relief For Saskatchewan: Fort McMurray Fire Not Moving Towards Province

Emergency management commissioner Duane McKay says the fires, including a blaze that raced through Fort McMurray, haven't advanced much and that's a relief.

Relief For Saskatchewan: Fort McMurray Fire Not Moving Towards Province

Nova Scotia Suspends Student Loan Payments For Those Hit By Alberta Wildfires

The move follows a similar initiative announced by New Brunswick on Monday.

Nova Scotia Suspends Student Loan Payments For Those Hit By Alberta Wildfires

Shell Canada Reopens First Oilsands Mine Shut Due To Alberta Wildfire

Shell Canada said Tuesday that it had resumed production at its Albian Sands mining operations about 95 kilometres north of Fort McMurray after a seven-day closure.