(December 21 – 11:30 ET) – The Ontario District Council of the Investment Dealers Association of Canada has imposed discipline penalties on Elizabeth Teichman a former registered repwith the Toronto branch of Nesbitt Burns Inc.

Under a settlement agreement, Teichman admitted that she failed to use due diligence to ensure that recommendations made for her client were appropriate for the client and in keeping with her investment objectives.

Between November 1995 and August 1996 Teichman made a number of recommendations for a client that were unsuitable. She recommended speculative mining stocks to an individual with limited resources and conservative investment objectives.

Teichman receives a three-month suspension. She must also pay back $750 in commissions and the IDA’s investigative costs of $2,000. Teichman is no longer working in the securities industry.
-IE Staff