Regulator warns that those who engage in similar conduct will face meaningful penalties.
35 pre-signed forms costs representative $10,000; thousands of forms attracts $70,000 sanction.
Employed since 1997, representative sanctioned for 2020 improprieties uncovered during review.
Insurer’s mutual fund dealer recruits former TD head.
Dealing representative also prohibited from acting as branch manager for 18 months after the discovery of pre-signed for
Mutual Fund Dealers Association of Canada imposes sanctions in response to audit which also discovered pre-signed forms
He allowed and helped an unregistered representative to transfer accounts and conduct business for four clients.