fines

Ontario and N.B. have highest rates of outstanding IIROC fines Fallback Image Decorative pattern

Industry

Ontario and N.B. have highest rates of outstanding IIROC fines

As the country’s biggest province, it’s no surprise that Ontario has the most IIROC registrants and the most fines outstanding since 2008—$18 million as of June 30, 2016. But what may be surprising is that Ontarians owe more than their share of the national fines outstanding to IIROC: Ontario’s fines are 62% of the national […]

By Melissa Shin |October 13, 2016

1 min read

Suspension upheld for advisor who sold off-book investments Fallback Image Decorative pattern

Industry

Suspension upheld for advisor who sold off-book investments

The OSC found that in 2006 and 2007, she recommend and facilitated off-book investments for her clients without her employer's knowledge or approval.

By Staff |October 12, 2016

2 min read

Rep fined $25,000 for failure to supervise Fallback Image Decorative pattern

Industry

Rep fined $25,000 for failure to supervise

Kennedy, who works in Hamilton, Ont., admitted to conduct involving the supervision of registered representative Alistair Melville’s activities.

By Staff |September 29, 2016

1 min read

IIROC and IPC settle over supervision breach Fallback Image Decorative pattern

Industry

IIROC and IPC settle over supervision breach

IPC Securities Corporation admitted that it failed to conduct strict supervision of a Registered Representative pursuant to an acknowledgement and consent provided to IIROC.

By Staff |September 16, 2016

1 min read