Agents fined for failing to respond to insurance council’s demand for info

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By The IJ Staff | July 14, 2020, 12:30 p.m.

In two separate cases, a regulator has levied civil penalties against agents who didn’t respond to requests for information about continuing education credits.

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ALBERTA INSURANCE COUNCIL (AIC)

Regulator sanctions agents who failed to respond to demand for information

Agent in the industry one year fined $1,000 for not cooperating with regulator

Regulator levies additional sanctions in case where advisors falsified information

Alberta Insurance Council orders $145,000 civil penalty

Disciplinary Decisions

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

Repeat offender thrown out of the industry permanently