Top advisor faces possibility of further discipline

Top advisor faces possibility of further discipline

Top advisor faces possibility of further discipline

Rotstein is now accused of entering an order for $60,000 of Ontario Savings Bonds for one client without consent on June 12, 2012, and entering an order to purchase Just Energy Group Inc. convertible debenture for $19, 875 for another client without consent on May 7, 2012.

According to an IIROC hearing notice, the accused failed “to meet even the most basic requirement of an adviser, being to obtain client authorization before entering trades,” acted  “in a manner unbecoming and detrimental to his clients’ interests, his dealer member’s interest and the public interest,” and disregarded the “most basic requirements of IIROC’s Dealer Member Rules.”

None of the allegations have been proven in court.

Rotstein is set to appear before the IIROC panel in Toronto on Friday at 10 a.m. when a date will be set for a disciplinary hearing.
 


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