Ontario salesman recommended and sold investments without the knowledge or approval of his dealer firm
Dealers should review the complaint handling documentation they provide to clients
The fund dealer is likely to become undercapitalized, according to the MFDA
The SRO wants to hear from fund dealers directly about possible concerns
MFDA issues reasons for Paul Yoannou decision
SRO reports almost $3.5 million in fines, victims from vulnerable groups account for roughly 30% of cases in 2012
Penalty against Paul Yoannou is one of the largest levied by the MFDA
Report identifies some areas for improvement
Ex Monarch Wealth rep refused to co-operate with an MFDA investigation into possible misuse of client information