Conduct discovered after firms amalgamate in 2021.
Gave Wealthsimple Advisor Services access to extensive client information in a bid to switch firms.
Agent and firm also penalized for allowing unlicensed activity and lying to investigators.
Also sanctioned for breaking his dealer’s rule about texting via unapproved platforms.
Unlicensed activity included bilking one high-risk driver for $4,800.
Facilitated purchases after firm repeatedly denied request to lift moratorium on cannabis investing.
Former agent sent both agent and client information to agencies in an effort to gain employment.