The Investment Industry Regulatory Organization of Canada (IIROC) has terminated the membership of British Columbia-based First Financial Securities Inc. On July 30, an IIROC hearing panel accepted a settlement agreement, with sanctions. The firm admitted that it failed to meet IIROC’s minimum capitalization requirement. First Financial sold its book of business to another dealer firm […]
Former advisors sold prospectus exempt securities to unqualified clients
Abraham Grossman breached cease trade orders, traded without registration
Former rep in Quebec borrowed money from a client without firm's knowledge
Supervisory violations found during MonArc inspections in 2012 and 2013
Panel upholds IIROC decision that Victoria broker contravened suitability rules
Commission finds Sandy Winick engaged in unregistered trading and illegal distributions, and participated in a fraud
Jan Chomica carried out the instructions of her brother, Michael Chomica, who ran two advance fee schemes
Temporary order against Bank Gutenberg issued
Independent consultant to conduct review of firm’s penny stock and anti-money laundering policies