The Nova Scotia District Council of the Investment Dealers Association of Canada has imposed discipline penalties on Christopher Robinson, at the relevant times a Registered Representative of RBC Dominion Securities Inc.

The District Council concluded that Robinson failed to use due diligence to learn the essential facts relative to a client, and recommended securities which were not appropriate for clients’ needs or in keeping with their investment objectives.

As well, Robinson completed account documentation indicating changes in clients’ investment objectives and risk tolerance which did not reflect the clients’ true investment objectives and risk tolerances, and failed to explain the risks associated with a margin account while recommending such an account.

Robinson was fined $47,500, and ordered to pay disgorgement of $6,375 in commissions. He was also ordered to rewrite and pass the examination based on the Conduct and Practices Handbook should he apply for registration as a representative of an IDA Member firm.

If reinstated to membership, Robinson must have strict supervision for 12 months followed by close supervision for a further 12 months. Robinson must also pay $25,000 toward investigation costs.

For a complete Summary of Facts, please see IDA Bulletin No. 2939 at www.ida.ca.

The Investment Dealers Association of Canada is the national self- regulatory organization and representative of the securities industry. The Association’s role is to foster fair, efficient and competitive capital markets by encouraging participation in the savings and investment process and by ensuring the integrity of the marketplace. The IDA enforces rules and regulations regarding the sales, business and financial practices of its Member firms. Investigating complaints and disciplining Members are part of the IDA’s regulatory role.