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

Wildfires Threaten Two Northeastern B.C. Communities As Heat Wave Continues

The Peace River Regional District says residents about 60 kilometres northeast of Fort St. John should be ready to leave on short notice as the Siphon Creek wildfire is uncontained and burns nearby.

Wildfires Threaten Two Northeastern B.C. Communities As Heat Wave Continues

New Brunswick Court Ruling On Cross-Border Beer Imports Boosts Sales In Quebec

Beer lovers from New Brunswick are taking advantage of a judge's ruling that threw out charges based on the amount of alcohol a person can import from other provinces.

New Brunswick Court Ruling On Cross-Border Beer Imports Boosts Sales In Quebec

Nova Scotians Should Be Told About All Deadly Nursing Home Violence: Opposition

Progressive Conservative Leader Jamie Baillie says a freedom of information request showing that five out of eight of deaths in homes weren't publicly reported since 2008 shows a need for greater transparency.

Nova Scotians Should Be Told About All Deadly Nursing Home Violence: Opposition

18 Years Old Surrey Man Arrested And Charged In Convenience Store Robbery

Bishop FRANCIS, 18 years old from Surrey, has been charged with one count of Robbery. He remains in custody pending his next court appearance.

18 Years Old Surrey Man Arrested And Charged In Convenience Store Robbery

Wildfires Prompt Evacuation Alert In Cecil Lake Area In Northeast B.C.

Two small wildfires, about 10 and 12 hectares in size, are burning south of Cecil Lake Road, about 30 kilometres east of Fort St. John.

Wildfires Prompt Evacuation Alert In Cecil Lake Area In Northeast B.C.

B.C.'s Independent Police Watchdog Examines Man's Death In Abbotsford

Abbotsford Police Department says officers were called to a report of a fight at a business, in the Clearbrook area of the Fraser Valley city, at about 8:30 Sunday night.