(November 11 – 17:00 ET) –
Investment Dealers Association has
decided that applicants must now
submit original documentation of
course completion. Copies won’t do.

This move comes in the wake of
the Peter Mark Trumper case. He’s
the former Action Direct rep
who was found to have forged his
course completion notices for the
Canadian Securities Course, the
Conduct and Practices Handbook
exam and the Canadian Options
Course.

The Ontario District Council of
the IDA hit Trumper with a $15,000
fine, a five year ban, and a
$2,000 contribution to cover the
IDA’s investigation costs. It
determined he had committed
“conduct unbecoming an investment
rep” by misrepresenting his
qualifications to the IDA.

In the wake of the case the
Canadian Securities Institute has
changed its course completion
notices to tighten security. It’s
added a two-colour design scheme, a
watermark, and embossed detailing
to discourage forgeries.

The IDA’s registration
department now has direct access
to CSI’s database of student
scores and the IDA says that it
has been conducting random checks
of its registrants’ educational
records with the CSI.

The new requirement takes effect
for any courses passed since
November 1.