The New Self-Regulatory Organization of Canada (New SRO) has published one of its first reasons for decision since becoming a single regulator, in the case of Christopher Glenn Roberts, a retired dealing representative, terminated from his position for falsifying a client’s signature four times.
According to the reasons for decision document, the client confirmed that the transactions were authorized but agreed they did not sign the account forms in question. Registered since 2014, Roberts had been a dealing representative with TD Investment Services Inc. from February 2019 until November 2020. A review of his trading activity back to October 2019 found no additional instances where Roberts had falsified client signatures. TD terminated Roberts in November 2020. He is not currently registered in the securities industry in any capacity.
After entering into a settlement agreement with the Mutual Fund Dealers Association of Canada (MFDA), Roberts paid a fine of $10,000 for the October 2020 transgression, plus costs in the amount of $2,500. Roberts did not attend the settlement hearing. At 64 years of age, the former representative says he is retired and has no intention of working in the financial services industry again in the future.
