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

U.S. Giant Lowe's To Buy Rona In Deal That Would Shake Up Home Improvement Sector

MONTREAL — U.S. giant Lowe's has proposed to buy Rona in a $3.2-billion friendly deal that would shake up Canada's home improvement industry.

U.S. Giant Lowe's To Buy Rona In Deal That Would Shake Up Home Improvement Sector

Alberta Health Stocks Walk-in Clinics With Anti-Fentanyl Kits

Naloxone kits buy a user time to seek potentially life-saving medical treatment.

Alberta Health Stocks Walk-in Clinics With Anti-Fentanyl Kits

Animal Advocates Credit Spike In Cruelty Complaints To A More Proactive Public

The BC SPCA's Marcie Moriarty says investigators responded to 10,205 complaints in 2015, up drastically from 8,850 the year earlier.

Animal Advocates Credit Spike In Cruelty Complaints To A More Proactive Public

All Evidence Heard In Trial Of Regina Couple Accused Of Killing, Injuring Girls

Kevin and Tammy Goforth are charged with second-degree murder and causing bodily harm.

All Evidence Heard In Trial Of Regina Couple Accused Of Killing, Injuring Girls

Drones, Dogs And DNA The Latest Weapons Against Invasive Species

RICHMOND, B.C. — Field technicians on the hunt for invasive species used to go on foot, by canoe or relied on satellite photographs taken from outer space.

Drones, Dogs And DNA The Latest Weapons Against Invasive Species

Hobbled Newfoundland And Labrador Also Expected To Seek Federal Financial Help

Newfoundland government spokeswoman Jennifer Tulk says the province will apply under the fiscal stabilization program this spring when it releases its projected revenues for 2015-16.