The representative was also required to pay an internal sanction of $50,000 by his employer.
Life agent breached code of conduct by witnessing a signature done in his absence.
Representative, the subject of multiple regulatory investigations, held the last of three licenses to be decided on by O
Regulator says use of unapproved sales materials contrary to rules.
Regulator penalizes representative with $40,000 in fines for know-your-client failures.
Police investigation closed in 2021.
Regulator also orders commission disgorgement of $35,500.