The former BMO Nesbitt Burns advisor admitted he sold new issues to clients, in part, to generate additional commissions for himself and the firm
The firm admitted that it failed to adequately supervise leveraged accounts and concentration risk
In the event the panel accepts the settlement, it will provide written reasons for its decision
The settlement aims to resolve a series of alleged supervisory shortcomings.
Two IG affiliates failed to move eligible investors into a cheaper series of certain funds