CIRO finds TD ex Naek liable for misappropriation

2025-09-15 20:15 ET - Street Wire

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" Mr. Naek still did not attend, CIRO said."

One would presume that TD will be going after Mr. Naek to make them whole?

And is this him?? https://www.mybusinessmagazine.ca/single-post/omer-naek-pl-fin-b-a-a-senior-financial-planner-ig-wealth-management-montreal-quebec OMER NAEK, Pl. Fin., Senior Financial Planner, Gestion Omer Naek Inc, Montreal, Quebec Senior Financial Planner Omer Naek believes in living a well-balanced life and encourages his clients to do the same. To help clients meet their goals, he employs a method that never fails – he gets to know them well. In fact, relationship building is the part of his job that he enjoys the most....While he was growing up, hockey was a constant presence in Omer’s life. He began playing the sport as a young child and grew up to play semi-professionally. He found himself facing a big decision after graduating high school – continue with a hockey career that could possibly take him to Europe, but likely end in 10 years – or find a career path that would last much longer. Ultimately, he got his start at TD bank as a credit card specialist.

a Canadian brokerage is generally held responsible and may be required to repay clients for the fraudulent actions of its employee, as the employee's actions can create a contractual liability for the firm. The brokerage has a duty to ensure its representatives act with honesty, competence, and in their clients' best interests. If a client is defrauded, they can pursue the brokerage for compensation for the losses they suffered.