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.
