The self regulatory organization seeks comments on the concept of lower minimum capital requirements
Rep lied to his dealer when questioned about his outside business activities
Former Canada Genuity branch manager fined $60,000
Proposed guidance details common due diligence practices
Regulator cites Ontario consultation, desire for a coordinated approach
Unsuitable investments, undisclosed personal dealings lead to $40,000 fine
The former PWM Capital rep was also fined for failing to conduct adequate due diligence
Former Vancouver advisor purchased securities without a client’s knowledge, IIROC panel finds
A proposed guidance will address issues of compliance, supervision and other practices when serving senior investors
Separate hearing to determine penalty