Enforcement

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:

Settlement/Order

Violation:

Unregistered advising
Illegal distribution
Misrepresentations

Ruling Body:

BCSC

Payment Agreed/Ordered:

$20,000 plus $10,000 in costs