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Investment Industry Regulatory Organization o
Symbol C : *IIROC
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IIROC pursues National Bank ex Mann for "gift trades"

2019-04-17 21:11 ET - Street Wire

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by Mike Caswell

The Investment Industry Regulatory Organization of Canada has begun proceedings against former National Bank Financial Inc. employee Dwight Cameron Mann, accusing him of misleading, fraudulent and deceptive conduct with respect to many client accounts. Among other things, he manipulated account performance, at times moving trades to benefit one client at the expense of another, IIROC says. He also entered something called "gift trades" to appease clients or retain them, according to IIROC.

The allegations are contained in a notice of hearing that IIROC released on Tuesday, April 16. The notice identifies Mr. Mann as the head of a Vancouver group within National Bank that marketed itself as the Mann Investment Team. National Bank fired him on April 18, 2018, after an internal investigation, and Mr. Mann has since gone to Canaccord Genuity Corp., where he works under strict supervision.

Dwight Mann
DWIGHTMANN.CA
Dwight Mann

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