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

No Charges Against Toronto Dad Whose Baby Was Subject Of Amber Alert: Police

Const. Allyson Douglas-Cook says the man was standing "a few feet away" from the vehicle when the suspect jumped in and drove off Sunday afternoon.

No Charges Against Toronto Dad Whose Baby Was Subject Of Amber Alert: Police

Experienced Snowmobiler From Seattle Dies After Falling Into Pemberton Glacier Crevasse

The 53-year-old man was part of a group of 10 people, all from Seattle, who were riding Saturday on the Pemberton Icefield's Appas Glacier, about 150 kilometres north of Vancouver.

Experienced Snowmobiler From Seattle Dies After Falling Into Pemberton Glacier Crevasse

B.C. Photographer Found Safe And Sound After Spending The Night Outdoors

RCMP and search-and-rescue crews launched a rescue operation after learning a wildlife enthusiast had failed to return from a day-long photo excursion around the community of Golden, B.C.

B.C. Photographer Found Safe And Sound After Spending The Night Outdoors

Ontario Regulation Bans Random Street Checks Or Carding By Police

Of course there's costs involved, but we need to make sure that this cost will result in trust and respect between our police and our communities

Ontario Regulation Bans Random Street Checks Or Carding By Police

Court Orders Halt To Dumping Of Contaminated Soil Near Shawnigan Lake

HAWNIGAN LAKE, B.C. — Residents around Shawnigan Lake on southern Vancouver Island are celebrating a court victory halting work at a quarry that accepts contaminated soil.

Court Orders Halt To Dumping Of Contaminated Soil Near Shawnigan Lake

Universities Balance Accuser, Accused Rights In Sexual Misconduct Cases: Experts

Accusations that the University of Victoria and Brock University warned women to stay quiet about alleged sexual misconduct reveal the balancing act post-secondary schools face between the rights of the accused and accuser, experts say.