Doug Kechnie had sued the life insurer claiming it improperly cut off commissions that were scheduled to be paid out over 10 years
Experienced investor sought to place the consequences of his poor investment decisions on TD Waterhouse
The plaintiffs alleged that misrepresentations in the firm’s financials harmed shareholders who bought the stock between March 2011 and July 2014
U.S. insurer Genworth has agreed to make the payment to avoid the cost and risk of continuing the battle in court
The trader left Hampton Securities after accumulating $500,000 in losses
Seven class actions were settled, or tentatively settled, in 2015, and six cases were dismissed
Larry Elford, who has since become an investment industry critic, sued his former firm unsuccessfully for constructive dismissal
Estimated “investor losses” in 2015 totalled US$183 billion
British Columbia’s top court sides with provincial regulator in newsletter case
Ontario Court of Appeal sides with judge