On Jun. 29, OSC issued report on whistleblower program role. Progress report marked two years since the launch of its whistleblower program. OSC whistleblower program is first of its kind by a Canadian securities regulator. Follows OSC Jul. 2016 whistleblower office begin taking complaints. Update Report Program accepts tips on violations of Ontario securities law…
Read more
SEC Failure to Supervise, Protect
On Jun. 29, SEC charged broker with failure to protect customers. Alexander Capital and 2 managers failed to supervise 3 brokers for client fraud. Alleged Violations Managers Philip Noto II, Barry Eisenberg, ignored red flags on excessive trading. Noto had failied to supervise two brokers and Eisenberg failed to supervise one. Did not reasonably oversee William…
Read more