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.'s Hourly Minimum Wage Will Rise To $11.25 By Sept. 2017

Premier Christy Clark says British Columbia's minimum wage is set to increase to $11.25 an hour over the next 17 months.

B.C.'s Hourly Minimum Wage Will Rise To $11.25 By Sept. 2017

Western Premiers To Meet In Vancouver, Alberta's Rachel Notley Absent Due To Forest Fires

Alberta Premier Rachel Notley has bowed out of the 2016 Western Premiers' Conference and will be replaced by her deputy premier Sarah Hoffman, who also serves as health minister.

Western Premiers To Meet In Vancouver, Alberta's Rachel Notley Absent Due To Forest Fires

Leaving Fort Mcmurray: Stories From The Wildfire Evacuees

Tens of thousands of people have fled the wildfire that has ravaged parts of Fort McMurray, Alta. Here are some of their stories:

Leaving Fort Mcmurray: Stories From The Wildfire Evacuees

Montreal Woman On Honeymoon Named 20 Millionth Visitor To Graceland

Tiffany Greenoak, who grew up in Canada but now lives in London, England, was named the 20 millionth visitor Tuesday to Graceland, which now operates as a museum.

Montreal Woman On Honeymoon Named 20 Millionth Visitor To Graceland

American Man Who Wanted Sex With Canadian Girl, 13, Faces Up To 50 Years Jail

Paul Binh Do, 29, was taken into federal custody this week after signing a plea deal involving two charges: travelling with the intent to engage in illicit sexual conduct and being in receipt of child pornography

American Man Who Wanted Sex With Canadian Girl, 13, Faces Up To 50 Years Jail

South Asian Community Offering Free Rooms, And Gas To Fort McMurray Wildfire Evacuees

Guru Nanak Sikh Society Gurdwara in Edmonton says people in the congregation — and outside of it — are offering rooms in their homes or places to park campers.