The Pacific District Council of the Investment Dealers Association of Canada has imposed penalties on Grant Schnurr, at former rep at Nesbitt Burns Inc.

Pursuant to a settlement agreement, Schnurr admitted that he executed trades without client authorization, exercised discretion in a non- discretionary account and failed to ensure that transactions he effected were appropriate and in keeping with the client’s investment objectives.

Schnurr must pay a $12,000 fine, and must rewrite and pass the examination based on the Conduct and Practices Handbook. Schnurr must also pay investigation costs of $3,350. Schnurr is currently employed as a registered representative with National Bank Financial Ltd.