Branch manager fined for mismanaging his mother’s accounts

Visibility360, PDF version to share

By The IJ Staff | Sept. 15, 2020, 12:43 p.m.

Flash | INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC) | Disciplinary Decisions

A Calgary representative was fined $40,000 and suspended 60 days for investing his mother’s assets in high-risk strategies when she did not have the capacity to understand investment recommendations.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in Investment

Sanctions for pre-signed forms levied against former Fredericton rep

Firms, associations and reps weigh in on advisor compensation

Rep fined for out of province trading, pre-signed forms and form alterations

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Quebec flood zone map raises concerns even before its release

Tips for increasing your firm’s value

Agent who defrauded retired couple banned from securities registration

Related topics …

Flash

Quebec flood zone map raises concerns even before its release

Tips for increasing your firm’s value

Ontario regulator publishes guidance for comment

Insurers pushing their limits in accelerated underwriting

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

Firms, associations and reps weigh in on advisor compensation

Regulator sanctions agent twice for same infractions

Regulator orders $30,000 fine, costs and disgorgement in suitability case

Enforcement year in review unveiled by new regulator

Disciplinary Decisions

Agent who defrauded retired couple banned from securities registration

Agency fined $20,000 for repeatedly allowing unlicensed activity

Mutual fund rep fined close to $1.7-million

Missing continuing education, lapsed liability insurance nets $4,000 fine