The Nova Scotia District Council of the Investment Dealers Association of Canada has permanently banned a registered rep from the Halifax office of RBC Dominion Securities Inc. for failing to co-operate with the IDA’s enforcement department.

Hugh Bagnell failed to attend a hearing on November 26, to give information in respect of an IDA investigation being conducted.

The IDA has permanently prohibited Bagnell from approval in any capacity. It also ordered him to pay a fine of $50,000, as well as $11,700 in costs.

For a complete summary of facts, please see IDA Bulletin 3231 at www.ida.ca.