Global RESP Corp. to surrender its registration in settlement of case that dates back to 2014
The firm failed to implement any policies or procedures designed to ensure founder Sam Bouji did not act as an officer of the firm
Hanane Bouji’s conduct “is inconsistent with what is expected from an individual seeking to become a UDP,” according to an OSC hearing panel’s decision
The regulator is concerned that Bouji’s father, who has been banned, remains actively involved in the businesses
Hearing panel rules against application from Global RESP and Global Growth Assets, whose UDP was suspended in an earlier proceeding
Scholarship plan dealer CEO, Issam El-Bouji, ordered to disgorge almost $2 million