MENU

Advisor fined $1.46 million

par The IJ Staff | June 10 2019 01:30PM

The Mutual Fund Dealers Association of Canada (MFDA) announced June 6 that Christopher Martin Alfred Lee has been sanctioned with a permanent ban and fined $1,463,400 plus costs of $13,100 for misconduct.

A Hearing Panel of the MFDA's Central Regional Council found that “commencing on at least July 28, 2012, the respondent misappropriated or failed to account for, approximately $1,363,400 solicited or received from at least twelve clients and seven individuals…”

During the time the misconduct occurred, Lee conducted business in the Nepean, Ontario area.

Publicité
Related to the same topic …