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

Ontario health minister Eric Hoskins announces help for Attawapiskat

Eric Hoskins visited Attawapiskat, near James Bay in northern Ontario, and met with leaders to discuss the crisis.

Ontario health minister Eric Hoskins announces help for Attawapiskat

B.C. Declares Public Health Emergency After Overdoses

provincial health officer has declared a public health emergency after a dramatic increase in the number of overdose deaths in the province.

B.C. Declares Public Health Emergency After Overdoses

Woman Dies After Plunging Off 25-Metre Cliff At Whistler Mountain

The 48-year-old woman's body was found at the base of a 25-metre cliff.

Woman Dies After Plunging Off 25-Metre Cliff At Whistler Mountain

Priyanka Chopra Beats PM Modi, Sanders Ahead Of Hillary In Time Online Poll

The magazine said Democratic presidential candidate Bernie Sanders won three times more votes than his rival Hillary Clinton, ahead of President Barack Obama, Myanmar leader Aung San Suu Kyi and Pakistani activist Malala Yousafzai.

Priyanka Chopra Beats PM Modi, Sanders Ahead Of Hillary In Time Online Poll

Surrey Police Search For Whoever Toppled Four Power Poles With Chainsaw

BC Hydro and Mounties in Surrey, B.C., want to find the vandal who used a chainsaw to topple four transmission poles in the city's Green Timbers neighbourhood.

Surrey Police Search For Whoever Toppled Four Power Poles With Chainsaw

Two Pricey Watches Missing After Series Of Jewelry Heists In Vancouver

Two watches valued at $13,000 and $6,000 are still missing among those stolen in the robberies, about a week apart, at stores around the downtown core.