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

Manitoba Premier Greg Selinger Faces Legislature With April Election Looming

Manitoba's troubled NDP government will face the opposition in the legislature for a short winter sitting starting today, as the province's April 19 election looms ever closer.

Manitoba Premier Greg Selinger Faces Legislature With April Election Looming

South Surrey Woman Recovering After Deck Collapse That Sent Her Sliding Into 16 Metre Ravine

Unnamed victim was on a deck at the back of a home in south Surrey when the deck collapsed into the ravine below.

South Surrey Woman Recovering After Deck Collapse That Sent Her Sliding Into 16 Metre Ravine

Indian-Origin Man Parmpal Gill Arrested In Brampton, Ont. For Alleged Gun-Point Threatening

Parmpal Gill, 32 was arrested on Monday after he picked up a quarrel with a 20-year old man over their business in the area of Cadetta Road and Highway 50 in Brampton

Indian-Origin Man Parmpal Gill Arrested In Brampton, Ont. For Alleged Gun-Point Threatening

Police Identify Woman Found In Surrey, B.C.

The woman was found on Monday at about 4 p.m. near 180th Street and 66A Avenue, in the North Cloverdale West neighbourhood.

Police Identify Woman Found In Surrey, B.C.

Surrey named among World’s Top 7 Intelligent Communities again

The fourteenth annual Top7 list includes cities from four nations. Montreal and Winnipeg are the other Canadian cities to make the list and the remaining communities are from Germany, Taiwan, and New Zealand.