The weight this evidence will receive in a hearing will be determined by an OSC panel
Regina rep had elderly clients with low risk tolerance invested in equities and holding a margin account
Rep failed to conduct proper due diligence of shares held in a client’s account
Financial advisor Patricia McLean has lost her bid to avoid multiple sanctions by provincial securities commissions
Firm failed to properly supervise advisors and identify accredited investors purchasing private placements
But the proposal to change enforcement rules has its critics
Both firms conducted trading activity without proper registration
Revision aims to clarify proposed negligence standard
Vincenzo Sirianni permanently banned from trading, registration, and serving as a director or officer
Barrie, Ont. man charged after investigation