An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has accepted a settlement with Scotia Capital Inc. that will see the firm pay $175,000 after admitting it failed to properly supervise Krishna Sammy, a former portfolio manager with DWM Securities Inc., whose misconduct cost the firm $3.57 million in client restitution.

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James Langton – Investment Executive – February 22, 2017.

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