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

MP Aldag announces $421,000 in Funding for Canada Summer Jobs in his Riding

117 Students in Cloverdale-Langley City set to benefit this summer from increased Federal Funding to the Canada Summer Jobs Program

MP Aldag announces $421,000 in Funding for Canada Summer Jobs in his Riding

Gold, Diamonds Worth Less Than Intact Bejewelled $5-million Eagle: Experts

If thieves are hoping to dismantle a stolen jewel-encrusted eagle and sell the gold and gems for cash, they should think again, say jewellery experts.

Gold, Diamonds Worth Less Than Intact Bejewelled $5-million Eagle: Experts

B.C. Set To File Injunction To Shut Down Victoria Courthouse Homeless Camp

VICTORIA — The British Columbia government will file court documents Friday in a second attempt to shut down a homeless camp on the grounds of the Victoria courthouse.

B.C. Set To File Injunction To Shut Down Victoria Courthouse Homeless Camp

White Rock Condominium Fire Suspicious, Police Seeking Witnesses

On May 15th, 2016, shortly after 5 a.m., White Rock RCMP responded with White Rock Fire Department to a report of a fire in the 15200 block of Royal Avenue. Upon attendance, first responders found the building at the site fully engulfed in flames.

White Rock Condominium Fire Suspicious, Police Seeking Witnesses

Surrey Police Seeking Supected Fraudster Who's Preyed On People's Generosity

The pictures show an Asian female, 30 to 40 years old, with dark hair and pink highlights. At the time the suspect was wearing glasses, a grey sweatshirt, and a black vest

Surrey Police Seeking Supected Fraudster Who's Preyed On People's Generosity

PICS Receives $500,000 for 75 Child Care Spaces in Cloverdale

MLA Stephanie Cadieux, MLA for Surrey-Cloverdale has announced that PICS is one of six Surrey organizations to receive funding from the Provincial Government.