Chang (Re), 2014, IIROC 04

IIROC imposed a permanent ban and a fine of $100,000 on Lawrence Chang as a sanction for making six unauthorized purchases for a total of approximately $498,160 in a client’s account without authorization. He also misrepresented account holdings to hide the purchases. The Respondent had not been in the industry since 2009. (The Panel’s decision in Chang (Re), 2014 IIROC 04, is summarized in greater detail here).