fines

Scotia Capital fined $200,000 for failure to supervise reps

On July 5, 2017, an IIROC hearing panel accepted a settlement agreement, with sanctions, between IIROC staff and Scotia Capital Inc. Scotia Capital admitted it failed to adequately supervise two registered representatives when they recommended unsuitable securities transactions for clients. The transactions weren’t in keeping with good business practice, contrary to IIROC dealer member rules […]

By Staff |July 19, 2017

1 min read

Electrovaya president faces $250K penalty for disclosure failures

The Ontario Securities Commission approved a settlement agreement with Electrovaya Inc. and its president and chief executive officer, Sankar Das Gupta, for the company’s failure to comply with disclosure obligations and update forward-looking information. The settlement agreement follows allegations by OSC staff that Electrovaya issued unbalanced press releases and failed to update its disclosure record, […]

By Staff |July 5, 2017

2 min read

Permanently banned B.C. man could face $3-million fine, jail

Man breached order involving illegal sale of securities

By Staff |June 21, 2017

2 min read

IIROC permanently bans and fines rep $50,000 for failure to co-operate

Rep fails to respond to repeated requests from IIROC

By Staff |June 21, 2017

2 min read