A Montreal-based financial adviser has been ordered to make a payment of CA$1.6 million to reimburse the corporate regulator for compensation paid to aggrieved former clients.
The Canadian Superior Court ordered former adviser Carole Morinville to repay L’Autorité des Marchés Financiers (AMF) – the Quebec securities regulator – the sum in repayment for compensation issued by the regulator to former clients of Morinville out of its indemnity fund.
Ms Morinville was found to have operated a Ponzi scheme that victimised at least 32 investors, including Canadian actress Karine Vanasse.
After Labor has secured a somewhat surprising landslide win in the federal election, the FSC CEO said this will now be a ...
Platform executives are pushing for more advice revenue to be invested in advice tech capabilities, labelling the ...
The licensee said around 80 per cent of eligible Brighter Super members have confirmed they will transition their advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin