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IIROC fines National Bank Financial $110,000

By The IJ Staff | May 10 2018 09:45AM

The Investment Industry Regulatory Organization of Canada announced May 9 that it has accepted an agreement between IIROC staff and National Bank Financial Inc. that includes sanctions of $110,000 plus costs of $10,000.

National Bank Financial (NBF) has admitted to the following violation, says IIROC. “Between June 15, 2009 and November 30, 2011, the NBF failed to establish and maintain a system that allowed adequate supervision of business activities of at least one of its representatives…”

To learn more, consult the settlement agreement dated April 3 on the IIROC website.

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