Two B.C. investment reps banned and fined over $217,000

News Snapshot:

Stockbrokers, investment representatives and mutual fund dealers are not allowed to solicit loans from clients or misappropriate money into their personal accounts. Two B.C. investment representatives have recently been banned from their respective industries and fined a total of $217,500 for misappropriating client funds and then misleading regulators. In two separate decisions this week, the Canadian Investment Regulatory Organization (CIRO) announced penalties against Richmond stockbroker Domino Au-Young, formerly of National Bank Financial Ltd., and Victoria mutual fund dealer Brent Polischuk, formerly of Sun Life Financial Investment Services (Canada) Inc. Stockbroker misappropriated money, used WeChat, conducted unauthorized business Au-Young admitted to...