{"id":14866,"date":"2019-05-09T15:18:31","date_gmt":"2019-05-09T19:18:31","guid":{"rendered":"https:\/\/insurance-journal.ca\/article\/toronto-investment-advisor-fined-65000\/"},"modified":"2019-05-09T15:18:31","modified_gmt":"2019-05-09T19:18:31","slug":"toronto-investment-advisor-fined-65000","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/05\/09\/toronto-investment-advisor-fined-65000\/","title":{"rendered":"Toronto Investment advisor fined $65,000"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"http:\/\/insurance-journal.ca\/media\/photologue\/photos\/fined_stamp.png\" class=\"ff-og-image-inserted\"><\/div>\n<p>The <strong>Investment Industry Regulatory Organization of Canada<\/strong> has fined Toronto investment advisor <strong>Sheron Crane<\/strong> (also known as <strong>Sheron Lau<\/strong>) $65,000 plus costs of $5,000.<\/p>\n<p>In a May 8 statement, IIROC says Crane \u201cadmitted that she made unsuitable recommendations when implementing extensive margin use and leveraged investing in the accounts of two retired seniors. She also used a personal email address to communicate with her clients and deleted client communications.\u201d<\/p>\n<p>As part of a settlement agreement, in addition to the fine and costs, Crane received a suspension of 30 days and is subject to six months of close supervision upon re-registration.<\/p>\n<p>IIROC formally initiated the investigation into Crane\u2019s conduct in March 2017. The conduct occurred while she was a representative with the Toronto branch of <strong>Industrial Alliance Securities Inc.<\/strong>, an IIROC-regulated firm, where she is still employed, stated the regulator. To learn more, <a href=\"http:\/\/www.iiroc.ca\/documents\/2019\/6effbd94-563e-4e66-9f2a-3826671c7efe_en.pdf\">consult the settlement agreement<\/a>.<\/p>\n<p> <a href=\"https:\/\/insurance-journal.ca\/article\/toronto-investment-advisor-fined-65000\/\">Read the original article at insurance-journal.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Investment Industry Regulatory Organization of Canada has fined Toronto investment advisor Sheron Crane (also known as Sheron Lau) $65,000 plus costs of $5,000. In a May 8 statement, IIROC says Crane \u201cadmitted that&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/14866"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=14866"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/14866\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=14866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=14866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=14866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}