fines

IIROC sanctions up 6% for individuals, but collection falls almost 50%

Sanctions against firms plummet 73%.

By Staff |April 19, 2017

2 min read

Sentry to pay $1.5M for improper, lavish rep gifts

Sentry Investments says it will pay a penalty of $1.5 million to the Ontario Securities Commission to settle allegations it engaged in improper sales practices by giving extravagant gifts to top-selling dealers between 2011 and last year. The investment firm says it has also agreed to pay the OSC’s investigation costs of $150,000 and that […]

By Staff, with files from The Canadian Press |April 6, 2017

3 min read

IIROC permanently bans and fines rep $669,500

"Egregious" misconduct also garners fine of $200,000.

By Staff |April 3, 2017

1 min read

IIROC rep fined $100,000, suspended one month

On February 21, 2017, an IIROC hearing panel fined and suspended registered rep Richard Poirier. Poirier admitted facilitating a client’s investment in a private placement and accepting remuneration or a gratuity, benefit or other consideration from a person other than the dealer member with whom he was employed. Specifically, Poirier admitted to the following: The […]

By Staff |March 29, 2017

1 min read