The Investment Industry Regulatory Organization of Canada published a public notice this week saying a penalty hearing for Mr. Ng has been scheduled for May 27 after a hearing panel ruled on May 9 that he had engaged in fraudulent conduct.
Earlier this year, Mr. Ng was charged by the RCMP’s Integrated Market Enforcement Team , with one count of fraud over $5,000 and one count of laundering the proceeds of crime. A large portion of that debt was used to finance Mr. Ng’s purchase of several investment advisory firms, the most significant of which was his 2018 acquisition of PI. Mr. Ng paid $100-million in an all-cash deal to acquire the Vancouver-based dealer, which offers investment-banking and wealth-management services and had $4.5-billion in assets under management at the time.
As always, the honourable chimpanzee policy makers set policies, as they still have their job, with full benefits, and contributing towards their retirement plan, yet many ordinary people's lives are affected by such policies! The problem is within the system itself!
Shocking.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
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