Regulator also orders commission disgorgement of $35,500.

Red Cloud Securities also ordered to disgorge more than $611,306 in commissions.

Stakeholders invited to comment on changes before September 18.

New model discontinues some mandatory training and introduces new requirements.

Separate communications encourage targets to independently verify unsolicited requests.

Firms have until December 31, 2024 to make all necessary updates.

Canadian Securities Administrators notice also discusses investor protection fund developments.