(April 18 – 10:20 ET) – The Investment Dealers Association has fined a former rep $30,000 for several by-law violations.

The IDA says former Midland Walwyn Capital Inc. rep and vice president, Briane Andersen, made unsuitable recommendations, traded an account without authorization and failed to supply an IDA investigator with a statement on the matter.

In addition to the fine Andersen is required to cough up about $8000 in commission disgorgement and $5,000 towards the IDA’s investigation.

Andersen was in Midland’s Edmonton office and this decision comes out of the Alberta District Council. He has not been registered with an IDA member since 1997.
-IE Staff