Infractions discovered and agent fired when he stopped making “dividend” payments.

Knowingly making a misstatement when audited increases penalty in British Columbia case.

Bank successfully challenges incompetency ruling.

Licensee not required to pay penalty unless she re-registers.

Clients complain after former licensee presents bill of $938,000 for services rendered.

Former agent, licensed across the country, fined for three transactions made in Manitoba.

Self-disclosure not enough to depart from baseline penalties.