The former head of W.H. Stuart Mutuals Ltd. was also ordered to pay restitution
Fund suffered massive losses amid risk management failures, SEC and CFTC allege
A portion of the settlement agreement with the OSC will go to defrauded investors
Whistleblowers "crucial" in protecting retail investors
Firm failed to question sales on risky exempt securities to certain clients
Elderly Winnipeg widow reportedly bilked by ex-securities rep
Allegations include improper personal financial dealings and misleading investigators
Firm gave employees trading access without approval
IIROC says the advisor failed to learn “essential facts” about a client
The regulator alleges he breached an order imposed in a settlement agreement