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

Fire Danger Already Extreme In Parts Of Prairies Where Ground Is Tinder Dry

REGINA — Large swaths of red — meaning extreme risk — cover Alberta and Saskatchewan on the latest fire danger map from Natural Resources Canada.

Fire Danger Already Extreme In Parts Of Prairies Where Ground Is Tinder Dry

'Serious' Power Steering Defect Found In Several FCA Vehicles: Transport Canada

OTTAWA — Transport Canada says it has identified a "serious safety issue" involving the power steering systems on more than 295,000 vehicles sold by Fiat Chrysler Automobiles.

'Serious' Power Steering Defect Found In Several FCA Vehicles: Transport Canada

Toronto Police Search For Sniper In Man's Death On Driveway

Toronto police say they're searching for a sniper who killed a man on a residential driveway last fall using a high-powered rifle. Clinton Yow Foo, 37, died from a single shot in the city's east end in October last year.

Toronto Police Search For Sniper In Man's Death On Driveway

'The Sky Is Gonna Be Blue!' Conservatives Win Big Majority In Manitoba Election

Brian Pallister's Progressive Conservatives routed Premier Greg Selinger and the New Democrats to put an end to 16 years of the NDP in power.

'The Sky Is Gonna Be Blue!' Conservatives Win Big Majority In Manitoba Election

Nova Scotia Pair Rescued As They Sunk Deep Into Thick Mud: 'It's Like Suction'

WINDSOR, N.S. — An eight-year-old boy was waist deep in thick, goopy mud and still sinking when he and a would-be rescuer were dug free, fire officials said Wednesday.

Nova Scotia Pair Rescued As They Sunk Deep Into Thick Mud: 'It's Like Suction'

Pardon Marijuana Possession Convicts To Free Up Needed Resources: Think Tank

In a newly released policy paper, the C.D. Howe Institute also recommends the government focus on achieving public-health goals and avoiding a black market in marijuana.