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

Lawyer For Bosma's Accused Killer Points Finger At Co-accused In Closing Arguments

HAMILTON — The lawyer for a man charged with murder in the death of Tim Bosma says it was his client's co-accused that shot and killed the Hamilton father.

Lawyer For Bosma's Accused Killer Points Finger At Co-accused In Closing Arguments

'Will Of Canadians' Needs To Back Any Reforms To Electoral System, Say Liberals

OTTAWA — The federal government says it will seek the public's support for whatever changes it ends up deciding to propose for Canada's electoral system.

'Will Of Canadians' Needs To Back Any Reforms To Electoral System, Say Liberals

Alberta NDP Says Kathleen Wynne Affair Shows Wildrose Trying To Scuttle Energy East

Government House Leader Brian Mason said while the National Energy Board makes decisions on pipelines, building political bridges with other provinces is critical

Alberta NDP Says Kathleen Wynne Affair Shows Wildrose Trying To Scuttle Energy East

B.C. Floods Could Be Canada's Most Costly Natural Disaster

The risk of a devastating flood in British Columbia's Lower Mainland is increasing due to rising sea levels and other impacts of climate change.

B.C. Floods Could Be Canada's Most Costly Natural Disaster

Jastinder Athwal Found Dead In North Vancouver Creek

He was reported missing Thursday after friends and family had not seen him in a week.

Jastinder Athwal Found Dead In North Vancouver Creek

Diamond-Encrusted Eagle Worth $5 Million Stolen In Vancouver-Area

The Maltese Eagle, at about 30 centimetres and weighing more than eight kilograms, is touted by its owner as the world's largest such sculpture with a value of about $5 million