MFDA bans and fines former rep $75k

Visibility360, PDF version to share

By The IJ Staff | May 11, 2020, 9:33 a.m.

The MFDA is fining a former advisor $75,000, plus hearing costs of $10,000, and permanently banning him after he failed to cooperate with an MFDA investigation into his conduct.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in Investment

Firms, associations and reps weigh in on advisor compensation

Regulator fines firm $300,000 for inadequate complaint handling

Regulator imposes $776,100 fine plus costs for borrowing money from clients

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Insurers pushing their limits in accelerated underwriting

National Flood Insurance Program promised again in budget

Embracing artificial intelligence is crucial for industry

Related topics …

Flash

Insurers pushing their limits in accelerated underwriting

Embracing artificial intelligence is crucial for industry

BrokerLink closes three transactions

Six out of ten workers not performing to their full potential

MUTUAL FUND DEALERS ASSOCIATION OF CANADA (MFDA)

Repeat offender thrown out of the industry permanently

Firms, associations and reps weigh in on advisor compensation

Representative fined $125,000 and banned for accepting power of attorney

Representative switching firms fined $20,000 for 47 pre-signed forms

Disciplinary Decisions

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

Firm fined $1.5 million for failing to supervise trading activity