Backdated errors and omissions policy not sufficient coverage, council finds.
Representative also ordered to pay costs in the amount of $5,000.
Two separate cases end in monetary penalties for agents who ignored letters from council.
Mitigating conduct leads council to give agent additional time to pay fine.
Fictitious broker notes intended to conceal forgery also discovered during investigation.
Claims to have assisted under duress when employer defrauded lenders to buy firm.
Former dealing representative sanctioned after opening multiple accounts in client’s name.