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Wealth Professional | 03 Jun 2015, 09:15 AM Agree 0
MFDA throws the book at a long-time advisor for doing something someone in his position should have known was completely offside.
  • Peter | 03 Jun 2015, 10:02 AM Agree 0
    And where was the Dealer this entire time? Looking the other way as the funds came in?
  • Sarah | 04 Jun 2015, 03:25 PM Agree 0
    Sixty percentage of his assets were from leveraged accounts, and they made him the branch manager?
  • Debbie | 04 Jun 2015, 08:01 PM Agree 0
    Excellent question Peter. 60% of his AUM were leveraged! How could that fact alone not be sending up a red flag to the Dealer?
  • Anonymous | 06 Jun 2015, 09:52 AM Agree 0
    I will tell you that it did send up a red flag to the dealer. Within a very short time after Investia took over Aegon, they stopped all leverage activity in his branch and investigated thoroughly resulting in termination.
  • Will Ashworth | 09 Jun 2015, 09:35 AM Agree 0
    Thanks for the information, Anonymous.
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