Lawyer Ian Gray of Walker Dunlop said Saturley's investment strategy was far too risky for his clients' comfort. He said that's when National Bank stepped in, demanding the accounts be paid up immediately. Not the first trouble for SaturleyThis is not the first time Saturley's investment strategies have landed him in trouble. In 2008, while working as an adviser at CIBC Wood Gundy, Saturley's clients lost millions of dollars because of a margin error, leading to his firing. A spokesperson for National Bank declined to comment.

Source: CBC News September 14, 2020 21:11 UTC