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

Canadian Pacific Railway To Cut 1,000 Positions This Year

The Calgary-based company says most of the cuts to unionized and management positions will result from attrition and kick in by mid-year.

Canadian Pacific Railway To Cut 1,000 Positions This Year

Kamloops B.C., Family Saved From Carbon Monoxide Poisoning By Crying Toddler

Fifteen-month-old Celia Rupple is being credited with saving her life, the lives of her parents, and the family's several cats and dogs after carbon monoxide filled their Kamloops

Kamloops B.C., Family Saved From Carbon Monoxide Poisoning By Crying Toddler

Science World to Host Award-Winning Bartenders at Science of Cocktail Event!

Think molecular mixology, snappy suits and dazzling dresses. For one night only, the Science of C...

Science World to Host Award-Winning Bartenders at Science of Cocktail Event!

Newfoundland Man Found Not Guilty In Soccer Stabbing Heard Voice: 'Get That Kid'

Layman heard the phantom instruction moments before plunging a 25-centimetre blade into the boy's neck and chest, Judge Colin Flynn read from his decision in provincial court.

Newfoundland Man Found Not Guilty In Soccer Stabbing Heard Voice: 'Get That Kid'

Possible Ikea Return To Halifax Prompts Twitter Buzz From Those Who Miss Shop

kea Canada said its president, Stefan Sjostrand, will join the city's mayor, Mike Savage, Friday for a news conference.

Possible Ikea Return To Halifax Prompts Twitter Buzz From Those Who Miss Shop

B.C. High Court Upholds Manslaughter Convictions For Two Men In Kelowna Father's Death

Matthew McRae and Anson Schell were sentenced to three-and-a-half years and three-years respectively for their part in the slaying of Dain Phillips during a feud in Kelowna in June, 2011.