fines

Former Dundee rep fined $200,000 Fallback Image Decorative pattern

Industry

Former Dundee rep fined $200,000

On June 4, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between the IIROC staff and James Gwilym Jones. Jones admitted he failed to use due diligence to learn and remain informed of the essential facts relative to six clients, and failed to ensure recommendations were […]

By Staff |June 22, 2012

1 min read

Wealth Advisory Services president fined $20,000 Fallback Image Decorative pattern

Industry

Wealth Advisory Services president fined $20,000

A settlement hearing in the matter of Douglas A. Lawson was held today in Toronto before a hearing panel of the MFDA’s Central Regional Council. In the settlement agreement, Lawson admitted he approved, recommended and allowed the sale of Promittere S&P 500 (Promittere) shares, a related company of Wealth Advisory Services, to over 40 clients. […]

By Staff |June 20, 2012

3 min read

MFDA fines manager $50,000 Fallback Image Decorative pattern

Industry

MFDA fines manager $50,000

A disciplinary hearing in the matter of Vaughan Spencer was held today in Toronto, before a three-person panel of the MFDA’s Central Regional Council. Spencer failed to comply with the MFDA during an investigation of one of his colleagues at IPC Investment Corporation. On March 1, 2011, Spencer failed to attend an interview requested by […]

By Staff |June 13, 2012

2 min read

Ontario fund rep suspended, fined $20,000 Fallback Image Decorative pattern

Industry

Ontario fund rep suspended, fined $20,000

A settlement hearing in the matter of Scott Devries was held yesterday in Toronto before a hearing panel of the MFDA's Central Regional Council.

By Staff |May 16, 2012

2 min read