Outside and private dealings lead to $150,000 fine
Penalties added for unauthorized outside business activity
Ontario advisor referred clients to invest in syndicated mortgages off book
One rep lived and worked in the United Sates and served clients over the phone
The former rep reached a settlement with the regulator, admitting to violating several investment industry rules
Regulator to examine whether the rules are effective in dealing with the kinds of problems they were intended to address
Compliance professionals must improve their training of approved persons on outside business activities to reduce risks for firms and their advisors
Investia Financial Services Inc. terminated Harold Backer’s licence after his disappearance in 2015
Steps for advisors and their dealers to avoid OBA infractions
Sherry Cheng-Hui Kao borrowed money from clients to speculate in real estate and misled both the clients, and her employer, the ICBC found