Advisor faces a 12-month prohibition and fines for unauthorized account activities
On July 3, the Canadian Investment Regulatory Organization (CIRO) panel held a hearing.
They approved a settlement agreement between Enforcement Staff and Stephanie Bradshaw under the Mutual Fund Dealer Rules.
Bradshaw admitted to setting up and cancelling pre-authorized contributions in clients' accounts without their knowledge to meet sales targets or qualify for bonuses.
She also cancelled, rather than amended, pre-authorized contributions in a client’s account and set up new ones without authorization.
As part of the settlement, Bradshaw agreed to a 12-month prohibition from conducting securities-related business with any CIRO Dealer Member.
She also agreed to pay a $10,000 fine and $5,000 in costs.
