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

Raise Foreign Ownership Limit For Airlines, Reduce Airport Security Fees: Review

The 286-page report tabled in Parliament on Thursday was overseen by former federal cabinet minister David Emerson following an 18-month review.

Raise Foreign Ownership Limit For Airlines, Reduce Airport Security Fees: Review

Closing Arguments To Begin Today At Inquest Into Death Of Toronto Girl

Katelynn Sampsonwas beaten for months until she died from complications from her injuries.

Closing Arguments To Begin Today At Inquest Into Death Of Toronto Girl

A Border Wall With Canada? No Way, Says Donald Trump

Donald Trump wants a wall on the border — just not the northern one.

A Border Wall With Canada? No Way, Says Donald Trump

Two B.C. Hunters Give Thanks, Donation, To Teams Who Saved Them From Grizzly

Robbie Austin and Chris Eyre were attacked about 200 kilometres southwest of Fort Nelson last September, and they credit CFB Comox members, conservation officers and paramedics for helping them survive.

Two B.C. Hunters Give Thanks, Donation, To Teams Who Saved Them From Grizzly

Canadian Airlines Fear Acceleration Of Cross-Border Travel To Cuba

Canadian airlines say impending U.S. travel to Cuba could spur cross-border travelling by Canadians in search of cheaper flights from American airports to the Communist Caribbean island.

Canadian Airlines Fear Acceleration Of Cross-Border Travel To Cuba

Halifax Pediatrician, 72, Faces Charges Of Possessing, Sharing Child Pornography

Halifax police said Dr. William Richard Vitale, 72, was arrested around 6:25 a.m. at a house in the 400 block of St. Margarets Bay Road where officers seized computer equipment.