Dealer fined $75,000 for failing to supervise trading
Off-site supervisors mistakenly believed trading platform would ensure all options trades were appropriate for client accounts
Former DWM Securities manager failed to ensure that rep’s recommendations were suitable for clients
Poor knowledge of the product and its risks lead to $30,000 fine
Penalty hearing to be scheduled
Fund dealer improves internal compliance systems
Pointe-Claire man borrowed money from a client without his firm’s authorization
Schiavone ordered to pay $300,000 administrative penalty, plus disgorgement and costs
Provincial regulator to hear appeal of IIROC penalty decision
Tom Mezinski reprimanded, ordered to cease trading for three years