There has been an increase in notices of hearings and bulk track cases because firms’ compliance departments have improved their detection and reporting of non-compliance
The breaches include numerous administrative, accounting, compliance and oversight failures
Jamie Peter Yaskiw failed to know his clients, neglected to ensure suitable recommendations and engaged in discretionary trading without consent
However, the number of cases against firms declined
Mark Steven Rotstein and his firm, Equilibrium Partners, admitted in OSC proceedings to trading without registration on behalf of clients
The brokerage firm admitted to violating the trading rules by failing to properly supervise a direct access client
It was reasonable to use two different panels to conduct the merits and sanctions hearings, the court found
The advisor employed a high-risk investment strategy, which ran counter to the client’s expressed objectives and parameters for risk tolerance
Jayanth Noronha engaged in off-book transactions, accepted compensation from the issuers, failed to disclose his conflict of interest and hid the misconduct
This week’s hearing stems from allegations Sentry violated the sales practices rules when it held a mutual fund conference in California