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

Crown Tries For Conditions On Release Of 'Internet Black Widow' In Nova Scotia

Melissa Ann Shepard, now in her early 80s, was sentenced in June 2013 to two years, nine months and 10 days in jail for spiking her newlywed husband's coffee with tranquilizers.

Crown Tries For Conditions On Release Of 'Internet Black Widow' In Nova Scotia

Terminally-Ill Man Wants Coroner Kept Out If Doctor-assisted Death Approved

The first person in Ontario who wants doctors to help him die under a new exemption is asking the courts to rule against any coroner involvement if he is allowed an assisted suicide.

Terminally-Ill Man Wants Coroner Kept Out If Doctor-assisted Death Approved

Ontario To Introduce Legislation That Would Boost Affordable Housing Units

Ontario municipalities will be able to mandate affordable housing in new developments under planned legislation that cities, including the "scorching" housing market of Toronto, are closely eyeing

Ontario To Introduce Legislation That Would Boost Affordable Housing Units

Ottawa Spent $2.2 Million In Legal Fees For Maternity, Sickness Benefits Lawsuit

The majority of that — $2.06 million — has been through the federal Justice Department with a further $176,377 estimated to have been spent at Employment and Social Development Canada.

Ottawa Spent $2.2 Million In Legal Fees For Maternity, Sickness Benefits Lawsuit

Indian-American Netizens Favour Donald Trump As US President

Indian-Americans' political preferences seem to be shifting in favour of the Republican Party, particularly Donald Trump, its front runner for the White House

Indian-American Netizens Favour Donald Trump As US President

Seagulls Rescued From Tofu Vat Behind Vancouver Factory To Get Oil-Spill Baths

Dozens of trapped seagulls are to be treated as oil-spill survivors after being saved from an industrial waste container in Vancouver.