The advisor, who has also been fined $50,000, borrowed money from a client and failed to co-operate fully with the regulator’s investigation
Charles Albert Martin “disregarded directives” from his dealer to stop charging service fees to clients, or providing services outside his dealer
Investors lost $8.8 million after being referred to firm that subsequently want bankrupt
Rupinder Bhathal made redemptions and misappropriated funds from two clients’ RESP accounts without their knowledge and failed to co-operate with the investigation into her conduct
Keith Lorne Davis committed several infractions, including borrowing from a client and engaging in outside business activity from his dealer firm
Meanwhile, the IFSE Institute notes that it has updated its ETF course to meet the requirements set out in the MFDA’s proposed rule
The brochure walks investors through the development of a relationship with an advisor and suggests questions investors should ask advisor before commencing the relationship
Hyun Chul Lee has been fined $150,000 for engaging in personal financial dealings with some clients and engaging in other occupations without PFSL’s knowledge and approval
Under the proposed rule, reps must receive specific training on dealers’ policies and procedures that deal with advising and transacting in ETFs
Eric Ng has also been banned from the securities industry