TD Waterhouse Fined for Improper Fund Sales

The Globe and Mail, Tara Perkins, 31 July 2008TD Waterhouse Canada Inc. has been fined $2-million for not properly ensuring that only wealthy clients bought certain products and failing to ensure that staff only sold hedge funds to appropriate clients.The Investment Industry Regulatory Organization of Canada said on Thursday that TD Waterhouse reached a settlement in which it admitted that, from