Sasha Jacob has also been suspended from acting in the capacity of “ultimate designated person” for three years for failing to oversee the activities and individuals at the firm
U.S. regulators seek to sanction executives for alleged participation in a referral hiring program that violated anti-bribery law
The schemes involved illegal distributions and multiple acts of fraud totalling close to $12 million as the sisters were personally enriched by more than $2 million
Brian McCullough accepted a large monetary gift from an elderly client without telling his firm and didn’t inform the firm when he was later sued in connection with the gift
The penalty was significant as it was the first time FINTRAC has penalized a bank since it was given the authority to issue administrative monetary penalties in December 2008
The rise of no-contest settlements in Ontario saw the total amount of money returned to investors almost triple to about $350 million from $111.7 million in 2015
$120,000 now available to investment scheme victims
The settlement stems from allegations that the firm failed to properly supervise former portfolio manager Krishna Sammy
Jeremy Nicholas Drew Austin was taken to task for unsuitable investment recommendations and unauthorized trading
Neil Andrew McDonald of Calgary has been charged with various alleged breaches of the Criminal Code