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Annual Review and Highlights from 2010-2011

The Nova Scotia Securities Commission published its Annual Accountability Report for the Fiscal Year 2010-2011 along with an Annual Review this week, summarizing achievements in the past year. Highlights from 2010-2011 include:   Continued to harmonize securities laws with the securities legislation of other Canadian jurisdictions in support of the Passport System for Securities Regulation. · As a member of the Joint Forum of Financial Market Regulators, the Commission participated in the preparation of a plain language guide for consumers on seeking compensation and is looking at more effective ways of sharing information on enforcement issues that arise in securities, insurance and pensions. · The Compliance section implemented a New Firm Visit Program, giving new firms registered in the province an opportunity to meet compliance staff and for staff to provide guidance regarding compliance with Nova Scotia securities laws. Reviewed and approved 16 prospectuses of Nova Scotia based public companies to enable them to sell their securities, and authorized 13 Community Economic Development Investment Funds (CEDIFs) to sell their securities. · Featured in Retiring in Nova Scotia, a 4 page supplement in the Chronicle-Herald aimed at Nova Scotians over 50 years of age, submitting a column on avoiding financial fraud, as well as various statistics from the 2009 CSA Investor Index. It was distributed by the Chronicle-Herald to their entire subscriber base – 110,000 copies to 500,000 readers. · Reached more than 500 families, and 200 teachers in Nova Scotia with the CSA’s Make it Count program. There have also been almost 100 downloads of the newly developed Make it Count iPhone App. · Staff investigated numerous complaints from investors, IIROC and the MFDA. · Panels of the Commission held 10 settlement hearings and 3 contested hearings which included Cases involving registration misconduct, illegal distributions, market manipulation and conduct not in the public interest. · Subsequent to the hearings, panels of the Commission ordered $198,500 in administrative penalties. For more detailed information regarding the Commission’s operations, read the Annual Review or Annual Accountability Report for the Fiscal Year 2010-2011. The Nova Scotia Securities Commission published its Annual Accountability Report for the Fiscal Year 2010-2011 along with an Annual Review this week, summarizing achievements in the past year. Highlights from 2010-2011 include: Continued to harmonize securities laws with the securities legislation of other Canadian jurisdictions in support of the Passport System for Securities Regulation. As a member of the Joint Forum of Financial Market Regulators, the Commission participated in the preparation of a plain language guide for consumers on seeking compensation and is looking at more effective ways of sharing information on enforcement issues that arise in securities, insurance and pensions. The Compliance section implemented a New Firm Visit Program, giving new firms registered in the province an opportunity to meet compliance staff and for staff to provide guidance regarding compliance with Nova Scotia securities laws. Reviewed and approved 16 prospectuses of Nova Scotia based public companies to enable them to sell their securities, and authorized 13 Community Economic Development Investment Funds (CEDIFs) to sell their securities. Featured in Retiring in Nova Scotia, a 4 page supplement in the Chronicle-Herald aimed at Nova Scotians over 50 years of age, submitting a column on avoiding financial fraud, as well as various statistics from the 2009 CSA Investor Index. It was distributed by the Chronicle-Herald to their entire subscriber base – 110,000 copies to 500,000 readers. Reached more than 500 families, and 200 teachers in Nova Scotia with the CSA’s Make it Count program. There have also been almost 100 downloads of the newly developed Make it Count iPhone App. Staff investigated numerous complaints from investors, IIROC and the MFDA. Panels of the Commission held 10 settlement hearings and 3 contested hearings which included Cases involving registration misconduct, illegal distributions, market manipulation and conduct not in the public interest. Subsequent to the hearings, panels of the Commission ordered $198,500 in administrative penalties. For more detailed information regarding the Commission’s operations, read the Annual Review or Annual Accountability Report for the Fiscal Year 2010-2011. Related posts:Commission fines companies $400,000 The Nova Scotia Securities Commission has approved a Settlement Agreement…This week in investing and personal finance Well, it has been a busy week for the Nova…The holiday season – a lesson in money management It’s Christmas vacation, the kids are home from school and…Book Review: The Frugalista Files by Natalie P. McNeal Fru·gal·is·ta [froo-guh-lee-stuh] -noun 1. A person who lives within her…CEDIFs – a local investment option for your RRSP Special guest post by Kevin Redden, Director of Corporate Finance…Tagged as: fixed income securities, report Share & Bookmark This Story! Bookmark on Delicious StumbleUpon Google Bookmarks Tip’d

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