Canaccord Says It’s Close to Settlement on US Compliance Lapses

Canaccord Genuity Group Inc. said it’s nearing a broad settlement with US authorities stemming from compliance gaps at its non-core trading businesses in the country and has set aside a...

By Christine Dobby · Bloomberg Markets

Canaccord Genuity Group Inc. said it’s nearing a broad settlement with US authorities stemming from compliance gaps at its non-core trading businesses in the country and has set aside a total of $75 million to cover anticipated penalties.