The Nova Scotia Securities Commission has approved a settlement agreement with mutual fund salesperson John George Frederick Campbell.
Campbell admitted violating Nova Scotia securities laws by falsifying a client’s document and by keeping a blank signed letter of authorization on file. At the time of the violation from March 2003 to January 2009, Campbell was a registered representative (retail) with BMO Nesbitt Burns Inc.
“His actions undermined investor confidence in the fairness and efficiency of capital markets,” the NSSC said in a release.
Campbell accepted responsibility for his conduct and was co-operative with staff commission staff. He also took voluntary actions in order to be accountable for his wrong doings, the commission noted.
He and has been ordered to comply with Nova Scotia securities laws, pay a $7,500 penalty and costs of $5,000.
Campell is currently registered as a dealing representative (mutual fund dealer) and a branch manager (MFDA members only) (mutual fund dealer) with Scotia Securities Inc.