Rep sanctioned in CIRO settlement, despite lack of harm
New $300 fee per rep set to take effect April 1
Fake bank accounts used to divert funds from clients that were elderly, dead
SRO failed to prove certain allegations, investor harm
Regulatory action deals with subset of $1.8 million misappropriation
Triple the proceeds of misconduct deemed more adequate deterrent
Former rep traded investors' discount brokerage accounts for them
Investors lost $9.8M on investment that turned out to be a fraud
Changes allow SRO to match SEC on standards for inter-listed stocks
SRO launches review of policy framework for the provision of advice