Tag Archives: sales practices

IIROC Fine TD Waterhouse Sales

On Nov. 14, IIROC fined TD Waterhouse C$140k on sales practice. TD Waterhouse admitted failing to supervise its former-broker, David Gary Durno. Durno did not address clients’ best interests, in strategy in 2 accounts for seniors. Broker made large commissions for himself and his firm but reduced client profits. Firm failed to supervise employee, contrary…
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