The Ontario Securities Commission has issued its’ reasons for denying continued registration to a fund dealer that has not yet been accepted into the Mutual Fund Dealers association.The firm, Norlyn Financial Group Inc., was first granted registration in 1998 as a securities dealer. In May 2001, Norlyn changed its registration category to mutual fund dealer. […]
Applicants would only have to file with one regulator
EFT requirements waived
Vancouver rep failed to disclose drinking and driving convictions
Course work must be completed within 30 months
Agrees to review out-of-province trading
New rule recognizes other provinces
New procedure for paying fees
Gives firms six months to resolve issue
Five funds added to seg fund lineup