MFDA throws the book at Ontario advisor

MFDA throws the book at Ontario advisor

16 Comments
  • Brad Jardine 2015-08-31 12:38:54 PM
    Some firms STILL use leverage on an excessive basis vs traditional financial planning logic. i.e. pay down high interest debt, judicious use of RRSP, RESP's, TFSA's etc. 30 years in the industry... still see it all the time...shame
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  • Chris Chakmakian 2015-08-31 4:07:16 PM
    I support the decision fully.
    It Is guys like this that give the industry a bruised reputation, damages our image and more dramatically financially hurts clients, who place their trust in crooks like these, who betray them and hurt innocent individuals.
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  • Ken 2015-08-31 4:14:56 PM
    This case begs the question- how did such a person get through all the interview screens, probation period , supervision and compliance checks to cause so much harm? And throwing the book means nothing as the Panel itself admits collection of the fine is highly unlikely.This sends a message to others that even the worst behaviour won't cost you a dime. Deterrence value= ZERO and that is why these financial assaults continue.
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