Company Directory - BMO Capital Markets
Company Details - BMO Capital Markets
BMO Capital Markets
Montreal, Canada
BMO Capital Markets is a division of the Bank of Montreal that provides a wide range of financial services including investment banking, asset management, capital raising, and advisory services for corporate, institutional, and government clients.
CCI Score
CCI Score: BMO Capital Markets
-8.80
Latest Event
SEC fines BMO Capital Markets for misleading bond marketing practices
BMO Capital Markets was fined over US$40 million for misleading marketing practices in its mortgage-backed securities business. The SEC found significant deficiencies in their supervisory processes and misrepresentation of bond metrics, raising concerns about unethical business practices that can undermine investor trust and accountability.
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COLLABORATOR
BMO Capital Markets is currently rated as a Collaborator.
Latest Events
- JAN132025
BMO Capital Markets was fined over US$40 million for misleading marketing practices in its mortgage-backed securities business. The SEC found significant deficiencies in their supervisory processes and misrepresentation of bond metrics, raising concerns about unethical business practices that can undermine investor trust and accountability.
-70
Business Practices and Ethical Responsibility
March 20
The misleading marketing practices and inadequate supervisory policies uncovered by the SEC highlight unethical business practices. Such behavior erodes investor trust and corporate accountability, indirectly supporting systems that can be exploited to further authoritarian economic influences. This event reflects negatively on BMO Capital Markets' commitment to transparency and ethical responsibility.
SEC fines BMO Capital Markets US$40m over misleading bond marketing
- JAN132025
The SEC charged BMO Capital Markets with failing to supervise employees who misrepresented the nature of Agency CMO Bonds. The breach in oversight led to misleading bond metrics being provided to investors, resulting in over $40 million in disgorgement, interest, and civil penalties. This incident raises concerns about the firm's internal controls and overall ethical business practices.
-50
Business Practices and Ethical Responsibility
March 20
BMO Capital Markets’ failure to adequately supervise its employees resulted in the sale of misleading Agency CMO Bonds. This significant lapse in internal oversight and corporate governance reflects negatively on its business practices and ethical responsibility. Such misconduct undermines investor trust and hints at systemic issues in prioritizing profit over proper regulatory and ethical standards—an environment that may indirectly contribute to broader authoritarian structures by diminishing accountability.
SEC Charges BMO Capital Markets with Failing to Supervise Agency Bond Desk
- MAR152023
BMO Capital Markets released a comprehensive statement outlining its commitment to combat modern slavery and human trafficking. The document details robust internal policies designed to protect labor rights, ensure diversity and inclusion, and enforce strict ethical standards throughout its supply chain.
+80
Labor Relations and Human Rights Practices
March 20
BMO Capital Markets' statement clearly emphasizes strong labor relations and human rights practices. The company outlines comprehensive initiatives such as adherence to anti-discrimination standards, robust training programs, and policies that protect worker rights. These measures reflect a commitment to preventing modern slavery and enhancing worker welfare.
+70
Supply Chain Ethics
March 20
The document demonstrates clear measures for supply chain oversight, including rigorous supplier due diligence, the implementation of a Supplier Code of Conduct, and integration of modern slavery risk assessments. These actions indicate a proactive stance towards ensuring ethical sourcing and mitigating risks in their supply chain.
- MAR152023
BMO Capital Markets released a detailed statement outlining its comprehensive measures to combat modern slavery and human trafficking. The document emphasizes strong internal labor policies, respect for human rights, and rigorous supplier due diligence to ensure ethical sourcing and work environment across its operations.
+85
Labor Relations and Human Rights Practices
March 20
The statement underlines BMO Capital Markets' strong commitment to upholding labor rights and human rights by adhering to global best practices, including the UN Guiding Principles on Business and Human Rights. Their proactive measures in ensuring non-discrimination, equitable treatment, and compliance with international labor standards demonstrate a robust approach to protecting worker rights.
+80
Supply Chain Ethics
March 20
BMO Capital Markets has implemented a rigorous supplier code of conduct and third-party risk management framework to ensure that all suppliers adhere to ethical standards, thereby reducing risks associated with modern slavery in the supply chain. This proactive approach in monitoring and managing supply chain ethics reflects its commitment to sustainable and responsible business practices.
- JAN012023
BMO Capital Markets, a division of BMO Financial Group, has engaged in a range of lobbying activities over the past 12 months. The lobbying summary indicates their active efforts to shape federal policies on financial regulation, national security, and other legislative matters that may indirectly support neoliberal and authoritarian structures by prioritizing corporate interests over public welfare.
-20
Political Contributions and Lobbying Efforts
March 20
The lobbying summary for BMO Capital Markets reflects sustained political engagement through lobbying efforts aimed at influencing federal legislation and policy. Such activities, when viewed through a left-leaning lens, can be interpreted as efforts to protect and expand corporate interests at the expense of democratic accountability, potentially facilitating regulatory capture and contributing indirectly to authoritarian practices.
- JAN012023
An analysis based on BMO’s updated Statement on Political Contributions and Lobbying in 2023 and its ongoing affiliations with fossil fuel industry groups, highlighting a failure to follow through on climate lobbying commitments.
-60
Political Contributions and Lobbying Efforts
March 20
Despite publicly updating its Statement on Political Contributions and Lobbying to align with the Paris Agreement, BMO Capital Markets has shown a pattern of inaction by maintaining memberships in industry groups that oppose progressive climate policies. Their sponsorship of the Canadian Association of Petroleum Producers’ annual conference reinforces an association with groups that undermine substantial climate action. This dissonance between stated commitments and actual lobbying practices suggests complicity in fostering policies that indirectly support authoritarian, industry-favored agendas.
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