Assessed costs in the amount of $30,000 after repeatedly delaying investigation and hearing.

Outside business activities put former approved person’s interests ahead of clients’ interests.

Regulator enters settlement agreement fining representative who resigned in 2022.

Advisor fined $80,000 by regulator.

Latest sanction the result of misleading regulators about firm’s ownership and control.

He admitted to outside business activity that was not approved of by his firm.

Regulator analyzes feedback to policy options proposed in January.