An Ontario insurance agent who made false statements on multiple licence applications has been allowed to renew his licence with conditions, after a tribunal found the misrepresentations did not make …
-
Featured
CIBC Wood Gundy wins enforcement of settlement in whistleblower dispute with former advisor
The British Columbia Supreme Court has ruled that a settlement agreement remains enforceable despite a former investment advisor’s claims of fraud, upholding a financial institution’s claim for outstanding settlement payments. …
-
Employment ContractsFeatured
Court of Appeal affirms amended note’s validity in investment advisor’s recruitment $461,000 bonus dispute
The Ontario Court of Appeal has dismissed an appeal involving an investment advisor’s recruitment bonus and has confirmed that an amended promissory note is enforceable and supported by valid consideration. …
-
Featured
Despite no signed agreement, Court of Appeal upholds ruling that contract existed between financial advisors
The Ontario Court of Appeal has upheld a Superior Court decision in the case of Farrell v. Riley, confirming that a binding contract existed between two investment advisors despite the …
-
Featured
Former Credential Securities advisor drops claim by $300K, wins right to pursue case under ‘simplified procedure’
A former financial advisor in Ontario has won the right to amend his 2017 lawsuit against Credential Securities Inc., allowing him to pursue his case under Simplified Procedure. The ruling …
-
Employment ContractsFeatured
Former investment advisor on hook for nearly $430K of $1.6 million ‘recruitment bonus’ he received: Ontario court
An Ontario court has awarded a financial company nearly $430,000 from a former investment advisor who was given a recruitment bonus of $1.6 million in a case the judge called …
-
FeaturedJust CauseRecommended
Federal Court upholds firing of RBC investment planner who manipulated client transactions to gain nearly $100,000 in unearned compensation
The Federal Court has upheld an adjudicator’s decision that the Royal Bank of Canada (RBC) had cause to dismiss a long-serving worker for misconduct related to unauthorized transactions. JM, an …
-
Workplace Legislation/Press Releases
Ontario Superior Court of Justice certifies class action lawsuit against RBC Dominion Securities for claimed vacation and holiday pay compensation violations
By Cavalluzzo LLP RBC Dominion Securities Inc., a subsidiary of the Royal Bank of Canada, and one of Canada’s leading full-service investment and wealth management firms, is facing a now certified class action lawsuit, claiming damages for allegedly unpaid vacation and holiday pay …