Panel finds rep made unsuitable investment recommendations and personally compensated clients for account losses
OSC panel says violations began with poor record keeping
Ex Monarch Wealth rep refused to co-operate with an MFDA investigation into possible misuse of client information
NBSC orders company to repay losses to investors
Action follows OSC sanctions
Financial Conduct Authority now responsible for firms’ conduct
Investment clubs sold fractional interests in Belize and Dominican Republic properties to Ontario investors
Bernard Boily to pay $750,000 for altering mining assay results
Bans follow sanctions by BCSC and NBSC
Report highlights regulator’s focus on suitability issues and cases involving seniors