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

Reena Virk Murder: Vancouver Teen Killer Kelly Ellard Seeks Day Parole After 18 Years

Kelly Ellard was 15 years old in November 1997 when she smashed Virk's head against a tree and then held the Grade 9 student's head underwater until she stopped moving.

Reena Virk Murder: Vancouver Teen Killer Kelly Ellard Seeks Day Parole After 18 Years

Justin Trudeau Says Ottawa Continues To Negotiate With Bombardier

Trudeau praised the aircraft manufacturer's CSeries jets today but did not provide any further details on whether Ottawa would grant the company's request for federal funding.

Justin Trudeau Says Ottawa Continues To Negotiate With Bombardier

B.C. Police Officer Accused Of Drinking On The Job Sues RCMP For Harassment, Intimidation

KAMLOOPS, B.C. — An Okanagan police officer is suing the RCMP over accusations that he drank on the job.

B.C. Police Officer Accused Of Drinking On The Job Sues RCMP For Harassment, Intimidation

Cost Of Domestic Flights Remains At A Six-year Low At $175.70: Statistics Canada

One-way domestic flight cost on average $175.70 before fees and taxes, down from 187.60 a year earlier.

Cost Of Domestic Flights Remains At A Six-year Low At $175.70: Statistics Canada

Dutch Court Refuses Request For Delay From Accused In Amanda Todd Case

Polly van Dijk of the Amsterdam court said in an interview that Aydin Coban's trial on child pornography and extortion charges will start Monday even though his lawyer officially quit the case Friday.

Dutch Court Refuses Request For Delay From Accused In Amanda Todd Case

Dangers Of Semi-Autonomous Cars Include Amorous Antics Behind The Wheel: Expert

OTTAWA — Federal bureaucrats are raising concerns about distracted driving in semi-autonomous cars that don't require much input from the driver.