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CANACCORD GENUITY GROUP INC. ANNOUNCES INCREASED PROVISION RELATED TO PREVIOUSLY DISCLOSED U.S. REGULATORY ENFORCEMENT MATTERS
CANACCORD GENUITY GROUP INC. ANNOUNCES INCREASED PROVISION RELATED TO PREVIOUSLY DISCLOSED U.S. R...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\nCANACCORD GENUITY GROUP INC. ANNOUNCES INCREASED PROVISION RELATED TO PREVIOUSLY DISCLOSED U.S. REGULATORY ENFORCEMENT MATTERS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nThe Company anticipates a unified resolution in connection with its previously disclosed U.S. regulatory enforcement matters in the coming monthsExtensive remediation and compliance transformation substantially completed\nTORONTO, Nov. 13, 2025 /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") today announced through its U.S. business Canaccord Genuity LLC (\"CG LLC\") it continues to actively pursue a unified resolution of its previously disclosed regulatory enforcement matters (the \"enforcement matters\") by its U.S. regulators.\nIn anticipation of a unified resolution with its US regulators, the Company has increased its provision by US$ 55.0 million [C$76.6] million to US$ 75.0 million [C$104.4 million] in its financial results for the second fiscal quarter ended September 30, 2025, to reflect the Company's current estimate of total monetary penalties related to an expected resolution of its U.S. regulatory enforcement matters. The Company's estimate of the total monetary penalties is based on management's judgement and information available to the Company at this time.\nOver the past three years, CG LLC has substantially invested in a comprehensive compliance transformation aimed at aligning with regulatory standards and remediating its existing program. The Company looks forward to continuing to work constructively with its regulators towards a resolution.\nCAUTION REGARDING FORWARD-LOOKING STATEMENTS\nThis press release may contain \"forward-looking information\" as defined under applicable securities laws (\"forward-looking statements\"). These statements relate to future events or future performance and reflect management's expectations, beliefs, plans, estimates, intentions and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historica...