Ernst & Young to administer the return of funds to investors
McErlean faces fines totalling $75,000
Murdoch failed to adequately supervise a registered rep
Among the “clean up” amendments is a proposed rule on commissions
Implementation of the just approved CRM will take several years
25% of firms will see a decrease and 37% will see an increase in fees under the new dealer regulation model
Some of the new requirements take effect immediately, while others will be phased in over the next two years
Letter misrepresented an investment product recommended to the client
Proposals aim to streamline enforcement between market and dealer member matters
Former BMO Nesbitt Burns rep acted as a portfolio manager without registration