Brian McCullough accepted a large monetary gift from an elderly client without telling his firm and didn’t inform the firm when he was later sued in connection with the gift
The elimination of embedded commissions could make the financial services sector less desirable for young adults or widen the advice gap for the mass affluent, some suggest
The settlement stems from allegations that the firm failed to properly supervise former portfolio manager Krishna Sammy
Jeremy Nicholas Drew Austin was taken to task for unsuitable investment recommendations and unauthorized trading
IIROC rethinks the role of "order execution only" firms
Dealers should maintain an updated list of advisors who work from home, which a department of the SRO could use as it plans compliance exams
Kurt Haller, who admitted to churning and making unsuitable recommendations to an elderly client, was also fined $109,500
The SRO will be able to collect monetary sanctions from securities violators through the province’s Supreme Court without seeking approval in each case
The two regulators will inform each other when they refuse to register or license an individual registered with the other regulator
The small investment dealer, which is selling most of its business to Hampton Securities, must cease dealing with the public as of Jan. 23