The firm has taken several significant steps since formally merging with Berkshire this past summer
What should have been a celebratory occasion for the RCMP integrated market enforcement team in Vancouver has become a growing embarrassment.On June 9, B.C. Crown prosecutors — after a three-year investigation by the Vancouver IMET — charged Ian Thow, former senior vice president of Berkshire Investment Group Inc. in Victoria, with 25 counts of fraud. […]
Manulife Securities serves over 1,500 advisors
A former B.C. mutual fund dealer is facing fraud charges in a scheme that police say cost investors $10 million.The Vancouver Integrated Market Enforcement Team (IMET), Victoria police and the FBI have formally charged Ian Thow with 25 counts of fraud over $5,000.IMET began investigating Thow in the summer of 2005 after complaints were lodged […]
For Rick Annaert, President and CEO of Waterloo, Ont.-based Manulife Securities International Ltd., the summer promises to be a busy one. Over the next several months, he will travel across the country, explaining to advi-sors the repositioning of Manulife Securities as a full-service wealth-management company. More than 10 months have passed since its parent, Toronto-based […]
Regulators have granted relief to Berkshire dealers recently acquired by Manulife Financial allowing reps to pay commission rebates to clients that switch into funds within the Manulife family, subject to certain conditions.The decision, reported in the OSC Bulletin, gives Berkshire Investment Group Inc. and Berkshire Securities Inc. relief from the part of the sales practices […]
Thow handed lifetime ban from B.C. capital markets
Dealer failed to take reasonable supervisory and disciplinary measures
Previous settlement rejected by panel
Proposed agreement concerned allegations that Berkshire failed to conduct reasonable supervisory investigations of the activities of former rep Thow