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Wealth Professional | 29 May 2015, 09:15 AM Agree 0
A 63-year-old client on fixed income was allegedly sold a non-existent private placement but the advisor’s dealer is refusing to foot the tab despite an Ombudsman’s recommendation.
  • Mcat | 29 May 2015, 10:43 AM Agree 0
    The advisor in question has been found guilty and sentenced to a prison term. She is also suppose to repay the 100s of thousands of dollars that she has admitted to stealing. From what I understand she has very little left and the affected clients will probably never get any thing back
  • Ken MacCoy, CHS | 29 May 2015, 05:54 PM Agree 0
    In the meantime, regulators are more concerned about how advisors are paid as opposed to taking care of problems such as the one mentioned above.

    A quote sent to me by a good friend clearly defines this situation:

    Insanity: doing the same thing over and over again and expecting different results.

    Albert Einstein
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