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Investia sentenced to pay a fine of $100,000

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November 7, 2018 09:30

L’Association canadienne des courtiers de fonds mutuels (MFDA) has imposed a fine of $ 100,000 at Investia Financial Services Inc. (Investia) in the framework of a settlement agreement.

In addition to the fine, Investia will have to pay 10 000 $ US of fees.

In a press release published on 2 November, the regulator said that between January 1, 2014 and July 13, 2017, HollisWealth Advisory Services Inc. (now known under the name of Investia Financial Services Inc.) has put in place a structure of supervision remote in at least 24 agencies, without first having received the approval of the MFDA.

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