Paul Darrigo sought to appeal the ruling of liability and the penalties that were handed down by an IIROC hearing panel
The single set of rules replaces two different sets of enforcement rules for dealers and markets
Changes ensure level playing field for research report dissemination between Canada and the U.S.
Guidance says dealers and reps have an important role in preventing financial exploitation
Document provides guidance on the new reports that dealers must start providing to clients
Although no clients lost money because of the advisor’s recommendations, an IIROC hearing panel said conflicts cannot be tolerated
The SRO’s new strategic plan points out it will look at a possible “best interest” standard and regulatory restructuring, among other key issues
Allen Samuel Mendelman has also been suspended 18 months in response to various infractions when he was an advisor with Canaccord Genuity
Amendments seek to appropriately restrict a dealer’s ability to use client free credit cash balances
The goal of the voluntary program is to speed up the resolution of enforcement cases