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

State Of Emergency Lifted After Fish Plant Destroyed By Fire In Newfoundland

BAY DE VERDE, N.L. — The mayor of a Newfoundland town that saw its sprawling fish plant burn to the ground has lifted a state of emergency.

State Of Emergency Lifted After Fish Plant Destroyed By Fire In Newfoundland

Tories Urge Minister To Return Money From Fundraiser With Toronto Lawyers

Jody Wilson-Raybould attended the $500-a-head evening with lawyers at Torys LLP, a prominent Bay Street law firm.

Tories Urge Minister To Return Money From Fundraiser With Toronto Lawyers

Loblaw To Open 50 New Stores This Year, Renovate More Than 150 Others This Year

Loblaw says that overall, it will build about 50 new stores and renovate 150 existing ones, including projects that started in January.

Loblaw To Open 50 New Stores This Year, Renovate More Than 150 Others This Year

Tories Urge Minister To Return Money From Fundraiser With Toronto Lawyers

Jody Wilson-Raybould attended the $500-a-head evening with lawyers at Torys LLP, a prominent Bay Street law firm.

Tories Urge Minister To Return Money From Fundraiser With Toronto Lawyers

Former Justice Minister Jonathan Denis's Ex-wife Says She Did Not Write Emails Withdrawing Accusatio

CALGARY — A dispute between a former Alberta politician and his ex-wife that erupted during last year's provincial election campaign has flared up again following their divorce.

Former Justice Minister Jonathan Denis's Ex-wife Says She Did Not Write Emails Withdrawing Accusatio

House Of Commons To Hold Emergency Debate On First Nation Suicide Crisis

OTTAWA — The Speaker of the House of Commons has agreed to allow an emergency debate on the suicide crisis playing out in Attawapiskat First Nation as well as other communities.