The agency admitted its failure to determine and preserve a supervisory system adequate to supervise the actions of its representatives.
One consultant, recognized as JV, carried out prohibited transactions from 2019 to 2021 by enabling Quebec residents to take part in securities choices they had been ineligible for.
The agency had data of those actions however did not intervene adequately.
One other consultant, MB, engaged in unsuitable choices buying and selling methods from 2020 to 2022, leading to substantial shopper losses.
Two purchasers incurred vital capital losses of $468,809 and $52,931, regardless of optimistic portfolio returns throughout the respective durations.