The firm, its CEO and chairman admit to breaching KYC and suitability obligations
IIROC panel imposes one-year ban
Proper recordkeeping of client communications is critical
There’s more to the client discovery process than checking off boxes on a KYC form
Bereskin sanctioned for inadequate due diligence
No clients suffered any financial loss as a result of Jannetta’s misconduct
Nivet updated forms and signatures without contacting clients
Reps acting contrary to MFDA rules
Comments due by Dec. 16
Deficiencies at De Thomas Financial earn $10,000 fine