The expulsion follows a 10-year suspension of the firm
The commission set aside the decisions of an IIROC hearing panel and substituted its own decisions
Although a hearing panel found Michael Sutton had no intent to violate the rules, it ruled that he failed to ensure proprietary funds were priced properly
Phillips and Wilson sold securities without first disclosing auditor’s report
IIROC panel orders $2.7 million in sanctions
Carnwath withdraws from panel amid allegations of bias
Allegations against Phillips and Wilson mount
Hearing scheduled for February 2013
Hearing scheduled for June 25
Exemptions from securities law do not apply to David Phillips, OSC says