British Columbia Securities Commission fines Capstone Asset Management $12,000 without a hearing for 2018 insurance non-compliance.

The British Columbia Securities Commission (BCSC) has issued a $12,000 administrative fine against asset manager Capstone Asset Management Inc. without a hearing, a first-of-its-kind enforcement mechanism. The penalty followed a previous BCSC staff finding that the firm failed to comply with insurance requirements in 2018. The BCSC was granted new administrative powers in 2020 to bypass hearings for minor investment market violations.

July 08, 2024
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