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

Calli Vanderaa, Winnipeg Girl, Allegedly Shot With Stolen RCMP Gun Launches Lawsuit

Calli Vanderaa was 16 when she was hit outside a Mac's convenience store last October.

Calli Vanderaa, Winnipeg Girl, Allegedly Shot With Stolen RCMP Gun Launches Lawsuit

New Mortgage Rules Kick In As Ottawa Looks To Cool Toronto, Vancouver Markets

Canadians looking to buy homes between $500,000 and $1 million will have to put down larger down payments as new federal rules took effect Monday.

New Mortgage Rules Kick In As Ottawa Looks To Cool Toronto, Vancouver Markets

Traditional Canadian Lumberjack Sport Axe Throwing Enjoying Popularity In Canada

Axe throwing is gaining in popularity, with clubs, leagues and lounges opening everywhere from Alberta to Nova Scotia.

Traditional Canadian Lumberjack Sport Axe Throwing Enjoying Popularity In Canada

Winnipeg Police Officer Who Suffered Frostbite While Training May Lose Fingers

The Winnipeg Police Association says an officer who suffered frostbite last week may lose some fingers.

Winnipeg Police Officer Who Suffered Frostbite While Training May Lose Fingers

Sting Performs At NBA All-Star Game Halftime Show, But No Drake Surprise

Any hopes that Drake would take the stage during the NBA all-star weekend were dashed Sunday night as a halftime performance from Sting went by without a single verse from the Toronto rapper.

Sting Performs At NBA All-Star Game Halftime Show, But No Drake Surprise

B.C. Overdose Strategy Seeks Greater Access To Life-Saving Medication

A British Columbia committee that works to prevent drug overdoses in the province has released measures aimed at reducing deadly opioid overdoses across the province.