IIROC fined and suspended investment advisor for taking advantage of an elderly client

Calgary (April 9, 2020) – A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) fined and suspended Calgary investment advisor Michael Francis O’Brien on March 11. He engaged in personal financial dealings with an 81-year-old widowed client without his employer’s knowledge or approval and misled investigators. Between May and September 2017, he … Continue reading IIROC fined and suspended investment advisor for taking advantage of an elderly client