Investment advisor failed to use proper due diligence and orchestrated a private off-book investment for clients
Industry should not be forced to pay clean up costs, says IIAC
Ex rep failed to inform his firm of personal financial dealings with a client
Dealers reminded of responsibility for fair and orderly markets
IIROC loses portable device that contains date on 52,000 brokerage firm clients
Former rep fined $50,000 over mortgage scheme
Panel finds rep made unsuitable investment recommendations and personally compensated clients for account losses
Volume, value and the number of trades all down
Compliance officers and the executives surveyed see much improvement with the MFDA and cause for concern with IIROC
Report highlights regulator’s focus on suitability issues and cases involving seniors