Disciplined List
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:
BCSCPayment Agreed/Ordered:
$20,000 plus $10,000 in costs