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

Search Expands For Missing Nunavut Politician And Companions

The search is expanding on the tundra of Baffin Island for a Nunavut member of the legislature and his two companions who haven't been seen for more than a week.

Search Expands For Missing Nunavut Politician And Companions

Ottawa Testing Drones As Way To Gather Information On Ice Conditions

The federal government is looking at adding a high-tech gadget to its information-gathering arsenal.

Ottawa Testing Drones As Way To Gather Information On Ice Conditions

Saskatchewan's Brad Wall And Justin Trudeau Continue To Spar Over EI Program Changes

Saskatchewan Premier Brad Wall renewed his attack Wednesday on Justin Trudeau's employment insurance changes but the prime minister said the issue boils down to "cold, hard mathematics."

Saskatchewan's Brad Wall And Justin Trudeau Continue To Spar Over EI Program Changes

Cause Under Investigation As Blaze Destroys Block Of Shops In Nanaimo, B.C.

"This is a key building for the downtown core," said city councillor and area business owner Jerry Hong.

Cause Under Investigation As Blaze Destroys Block Of Shops In Nanaimo, B.C.

Sorry, Wrong Province: Cellphone Error Sends N.B. Fire Truck To P.E.I. Fire

A garage was razed by fire after its owner's 911 call got picked up by a cell tower in neighbouring New Brunswick, where dispatchers erroneously sent firefighters to a similar address in that province.