'I trusted him with my money': Woman says broker 'churns' her account, rakes in over $250,000 - News Summed Up

'I trusted him with my money': Woman says broker 'churns' her account, rakes in over $250,000


(Ken Leedham/CBC)Field first turned to financial adviser Simon Jaques 15 years ago, after her father recommended him. In hindsight, Haddon wishes that he and his wife had noted the abundance of activity on her account, and checked the financial statements he describes as "confusing" more closely. Commissions were 'eye-opening'Go Public took Field's financial statements from Mackie Research Capital to a professor of accounting at University of B.C. Louise Field holds financial statements from Mackie Research Capital, revealing repeated commissions earned for the firm and its broker, Simon Jaques. "Commissions put a financial adviser in a conflict between doing what's right for the client and selling as much as they can," he says.


Source: CBC News October 10, 2017 09:00 UTC



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