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

Two Cyclists OK, Bikes Badly Damaged, After Hit-And-Run Near Grand Forks, B.C.

GRAND FORKS, B.C. — Two cyclists are recovering from minor injuries after being hit by a vehicle while taking part in a privately-organized cycling event near Grand Forks, in southern B.C.

Two Cyclists OK, Bikes Badly Damaged, After Hit-And-Run Near Grand Forks, B.C.

Canadian Airports Face Longer Security Lines Without More Funding, Say Experts

"It is on the cusp of being a real problem, with serious, serious delays," says John Gibson, chairman of the Canadian Airports Council.

Canadian Airports Face Longer Security Lines Without More Funding, Say Experts

Toronto Councillor Proposes Guns For Cash Or Groceries Amnesty Program For City

Giorgio Mammoliti is making the suggestion after a spate of shootings in the city.

Toronto Councillor Proposes Guns For Cash Or Groceries Amnesty Program For City

Ontario Street Festival Cuts Ties With Petting Zoo After Public Complaints

AURORA, Ont. — An Ontario petting zoo has been pulled from future street festivals after animal welfare officers responded to calls for a kangaroo that was left out in the sun on a hot day with little water and shade north of Toronto.