fines

IIROC fines Wellington West Capital $175,000 Fallback Image Decorative pattern

Industry

IIROC fines Wellington West Capital $175,000

On November 1, 2012, a hearing panel of IIROC accepted a settlement agreement, with sanctions, between IIROC staff and Wellington West Capital Inc. (Wellington West) and Lesley Walters-Sagher. Wellington West and Walters-Sagher admitted that they failed to adequately understand certain leveraged exchange traded funds and thus were not able to properly supervise trading in those […]

By Staff |November 13, 2012

1 min read

IIROC slaps 3 reps with $700,000 in fines Fallback Image Decorative pattern

Industry

IIROC slaps 3 reps with $700,000 in fines

Following a disciplinary hearing held from May 7 to June 1, 2012 and a penalty hearing held October 11 and 12, 2012, a Hearing Panel of IIROC has found that Northern Securities Inc. (NSI), Victor Alboini, Fred Vance and Douglas Chornoboy contravened several IIROC Dealer Member Rules, and has imposed the penalties set out below. […]

By Staff |November 13, 2012

2 min read

Regulator fines Bahamian company $300,000 Fallback Image Decorative pattern

Industry

Regulator fines Bahamian company $300,000

A Bahamian company has been ordered to pay $300,000 for misconduct.

By Staff |November 5, 2012

2 min read

IIROC fines rep $10,000 Fallback Image Decorative pattern

Industry

IIROC fines rep $10,000

On October 17, 2012, a hearing panel of IIROC accepted a settlement agreement between IIROC staff and James William Watson.

By Staff |October 29, 2012

1 min read