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. Politician Says Listen To Kids In Wake Of School Shootings Like La Loche

A Washington state senator whose own community was ripped apart by a school shooting in 2014 has advice for Canadian leaders as they grapple with the aftermath of Friday's killings in La Loche, Sask.

U.S. Politician Says Listen To Kids In Wake Of School Shootings Like La Loche

Medical Cannabis Producer Bedrocan Lowers Its Prices To $5 A Gram

The company's products previously cost $7.50 a gram.

Medical Cannabis Producer Bedrocan Lowers Its Prices To $5 A Gram

Details Of Teacher Contracts To Be Released 'as Soon As Possible': Minister

Liz Sandals has answered questions about $3.74 million in payments to cover negotiating costs for several unions by promising to release the agreements once all are finalized.

Details Of Teacher Contracts To Be Released 'as Soon As Possible': Minister

Refugees In Search of Shelter

Amongst the active pool of communities and organizations extending various services towards facilitating resettlement of refugees in Canada is the South Asian community. Individuals from various fields including business, education and health have come forward to allocate relief mechanisms in this direction.

Refugees In Search of Shelter

Snowmobiler Dies In B.C. Mountains Amid Sweeping Warning From Avalanche Canada

RCMP in Prince George say a group of five snowmobilers was riding in the remote Torpy Mountain range, northeast of the city, when one of the riders was swept away in an avalanche and killed.