Disciplined List
Friesen, Jacob Norman
-
Date of Order or Settlement:
2001-11-14 -
Banned Until:
2011-11-14
Sanction:
- 10-year Compliance Officer ban
- 6 months of strict supervision by his employer
- 5-year from serving as a partner, director or officer, other than a compliance officer, of any registrant with conditions
- 5-year ban from trading or advising in exempt securities with conditions
- 6 months of strict supervision following any new registration under the Securities Act
- An undertaking to comply fully with the provisions of the Securities Act and the Securities Rules
- An undertaking to comply fully with the "Know Your Client" record keeping requirements of the Securities Act
Supporting Documents:
Violation:
- Unregistered advising
- Failure to comply with "Know Your Client" rule
- Failure to fulfill the duties of a Compliance Officer
- Failure to deal fairly, honestly, and in good faith with clients
- Acting contrary to the public interest
Ruling Body:
BCSCPayment Agreed/Ordered:
$35,000 plus $15,000 in costs