Claxton, Arthur Edgar

Date of Order or Settlement:
1996-11-04
Banned Until:
2000-06-04
Sanction:

    1-year trading ban (restricted to mutual funds with conditions)

    4-year director/officer ban

    An undertaking to meet with the management of Planvest on a minimum of once a week to ensure that sales of mutual funds comply reasonably with the "Know Your Client" Rule and to provide the Executive Director with reasonable evidence of such meetings and the contents thereof upon request

Supporting Documents:
Violation:

    Unregistered advising

    Illegal distribution

    Misrepresentations 

Ruling Body:
BCSC
Sanction Payment Status:
$20,000 plus $10,000 in costs