Regulatory attention continues for agent suspended five months in 2022.

Order execution only firm agrees to pay more than $8.8-million for recommending investments.

Terms not disclosed when rep, known to regulators, attempts to retain control of his firm.

Also sanctioned for borrowing $30,000 from another client and for misleading firms.

Insurance council also fines agent and assesses both hearing and investigation costs.

Hearing panel notes that form violations are shrinking as a percentage of files opened.

Initially denying wrongdoing considered an aggravating factor by council.