The consolidator is buying most of the assets of the Quebec City-based company, which will stop operating as an MGA.
He was also fined $17,500 and costs totalling $2,500.
Industry leaders speaking at the Investment Funds Institute of Canada’s annual conference underlined the growing importa
He admitted that he signed the signature of eight clients on eight account forms and submitted them for processing.
Four of the reps being disciplined come from the same firm.
She was also fined $125,000.
An IIROC hearing panel found him liable for failing to know his client, and for excessive trading that was outside the b