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

Group Calls On Ottawa To Puff $25m Into Medical Marijuana Research

TORONTO — A group comprised of doctors, patients, health charities and scientists is urging...

Group Calls On Ottawa To Puff $25m Into Medical Marijuana Research

After Quitting Politics, Will Peladeau Return To Media Giant Quebecor?

While speculation is already swirling about whether Pierre Karl Peladeau will return to head Quebecor Inc. after his stunning political resignation, his commitment to the company he inherited from his father has always been clear.

After Quitting Politics, Will Peladeau Return To Media Giant Quebecor?

Justin Trudeau to name date for 'Three Amigos' summit with U.S., Mexico: sources

The summit, which draws together the leaders of Canada, the United States and Mexico, is expected to take place in Ottawa towards the end of June.

Justin Trudeau to name date for 'Three Amigos' summit with U.S., Mexico: sources

‘Driving Through The Apocalypse’: Watch, Fort McMurray Residents Seek Refuge From Wildfires

While as many as 80,000 people make their way south from the far-flung northern municipality, a fuel tanker is en route to Highway 63 to help drivers who spent the night stranded without gas while trying to flee.