Registrants must not place their self-interest ahead of the interests of investors, OSC panel says
The breaches include numerous administrative, accounting, compliance and oversight failures
Stuart McKinnon, founder of Pro-Financial Management Inc., sought to dismiss allegations against him involving principal-protected notes
Stuart McKinnon had sought an exemption to register with De Thomas Financial
The settlement stems from allegations of internal control failures at the firm
The investment manager also plans to re-brand Pro-Index Funds
The transaction will likely be positive for unitholders of the Pro-Index Funds, the OSC says
Kingship seeks new hearing on proposed acquisition of Pro-Financial’s investment management agreements
OSC says there remains a discrepancy in the records of certain principal-protected notes
Distribution of Pro-Index Funds to new investors to cease