During this winter of discontent and falling values for the crypto world, many are waiting for the regulators in the U.S. and elsewhere to solidify the rules of the road. Industry participants are looking to SEC Chair Gary Gensler, the CFTC, the Fed, U.S. Senators, E.U. agencies, and multinational organizations to coordinate a response or… Read More >>
Canadian Regulator Takes Aim at Crypto-Trading Platform
Canadian financial services regulator, the Toronto-based Ontario Securities Commission (OSC) has officially charged a Seychelles-based firm with running an online digital asset trading platform that is noncompliant with the securities-trading laws of the Canadian province. The allegations could result in millions of dollars in penalties and disgorgements. The OSC is formally charging Aux Cayes Fintech… Read More >>
RBC & TD Settle Charges of FX Noncompliance
The Ontario Securities Commission (OSC) has approved settlements with the Royal Bank of Canada (RBC) and the Toronto-Dominion Bank (TD) that arise from “compliance failures” in the banks’ foreign exchange (FX) trading businesses. “These failures allowed RBC and TD FX traders to share confidential customer information in chatrooms with FX traders at competitor firms,” the… Read More >>
OTC Trade Reporting Begins in Canada
CDS Clearing and Depository Services (CDS) reports that it has received sponsorship from the Ontario Securities Commission (OSC) as part of the endorsement process required to become a pre-local operating unit (pre-LOU) of the global legal entity identifier (LEI) system. Once finalized, CDS will offer Canadian entities LEI-issuance in collaboration with the DTCC’s global markets… Read More >>
