Karen McGuinness appointed as president and CEO
SRO sought to investigate after compliance review discovered pre-signed forms
Ontario court orders summary judgment in favour of bank
Enforcement penalties will be used to help fund the new SRO
The estate redeemed the funds when the client died, incurring $24,380 in fees
SRO levies $60,000 fine and orders $10,000 in costs
The money was used to satisfy a margin call
The four victims included insurance clients and were the advisor's family members
Real estate deals, outside businesses and exempt market sales violated MFDA rules, panel found
Ex-fund rep misappropriated client money and disappeared