The Nova Scotia Securities Commission has approved a settlement agreement with a mutual fund salesperson.
John George Frederick Campbell admitted he violated Nova Scotia securities laws by falsifying a client’s document and by keeping a blank signed letter of authorization on file, says the NSSC.
It claims his actions undermined investor confidence in the fairness and efficiency of capital markets.
Campbell accepted responsibility for his conduct and was co- operative with commission staff. He also took voluntary actions in order to be accountable for his wrong doings.
The commission approved the settlement agreement and ordered Campbell to both comply with Nova Scotia securities laws, as well as pay an administrative penalty of $7,500.
He also has to pay costs in connection with the commission proceedings of $5,000.