This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

For the second time in weeks, RBC Dominion Securities Inc. is a defendant in a lawsuit from an investment adviser who claims that the firm fired him for no good reason. Eric Choi, an employee of five years, says that his branch manager dismissed him after confusion over an offering, even though he had simply been following instructions. The manager fired him without any warning and despite the fact that he had no disciplinary record, Mr. Choi claims.

Mr. Choi's allegations are contained in a notice of claim that he filed at the Vancouver courthouse on Wednesday, April 27. He identifies himself as a 52-year-old who began working for RBC in 2009. He worked as an investment adviser, gradually increasing his earnings each year, and anticipated making $193,600 in 2014, the suit states. He describes himself as an exemplary employee who had no troubles at work before his firing.

The problems, as described in the suit, began when his three-member group was contacting clients about an offering in Brookfield Select Opportunity Income Fund. The group, which was headed by another former RBC employee, Rocky Lone, confirmed that some clients were interested in buying 1.3 million units at $10 each.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS