Experienced dealing representative fined $50,000 for trades made to maintain model portfolios.
Altered forms also discovered during 2020 branch audit.
Pre-signed and altered account forms also discovered during the course of firm’s investigation.
Forms signed in 2017 discovered in 2021 file review.
He was suspended for 30 days and ordered to pay a fine in the amount of $20,000.
The Mutual Fund Dealers Association of Canada has announced two separate settlement agreements involving pre-signed form
The MFDA fined an Ontario-based rep $27,000 plus costs.