The settlement is as a result of allegations that Sterling failed to investigate a client complaint and supervise a couple of reps properly
The purchase represents continued expansion as it adds $1.3 billion in AUA to Sterling Mutuals
Deal broadens fund dealer’s network of financial advisors to more than 215 associates
Firm ordered to retain independent monitor to resolve compliance deficiencies
Deal follows Foresters’s acquisition of Unity Life of Canada
Firm picks up advisors in three provinces