The former broker admitted to recommending unsuitable high-risk investments to multiple clients
A British Columbia Securities Commission panel has fined and permanently banned Lynne Rae Nickford (also known as Lynne Rae Zlotnik) from B.C.’s capital markets for fraud. Nickford is a former registrant and longtime industry professional, says the decision. In August 2017 the panel found that Nickford convinced 13 investors to loan money to or invest […]
SRO also recoups its costs of $40K
The bank must pay an additional $35,000 in costs
Commissions influenced his recommendations
Find out why
On Oct. 11, 2017, an MFDA hearing panel permanently banned and fined a previously registered representative, Walter John Dixon. The sanctions result from Dixon’s failure to respond to numerous communication attempts by the MFDA about a client complaint. Over 11 months, the MFDA attempted to contact Dixon by regular mail, registered mail, process servers, email […]
A British Columbia Securities Commission (BCSC) panel has fined and permanently banned David Tuan Seng Lim and Michael Mugford from B.C.’s capital markets for market manipulation. Lim, a Vancouver resident, was an investment advisor who was registered under the Securities Act during the relevant period. Mugford was a Lions Bay, B.C. resident who was a […]
Cases also highlight pre-signed forms
