Rep fined $300,000

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By Kate McCaffery | May 20, 2022, 2:54 p.m.

A Mutual Fund Dealers Association of Canada hearing panel has also permanently banned the rep from conducting securities related business with any MFDA member in the future.

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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

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