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In 2009, Gill registered sole proprietorship Greynote Group Monetary Providers and in 2010, whereas now not registered within the securities business, he offered a retired couple a ‘no threat’ purported funding, which didn’t exist.
Their funding was greater than $329,000 however after they requested for his or her funding to be liquidated and their cash repaid, they found the reality after complaining to Canada Life who confirmed that the funding was fictitious.
In the meantime, Gill commenced a second interval working with Solar Life in 2016, as a registered dealing consultant. However he didn’t disclose his possession of Greynote or that he was promoting insurance coverage for Canada Life.
An MFDA investigation was commenced in 2020 however Gill did not cooperate. A disciplinary listening to in regards to the allegations commenced on July 11, 2023.
In addition to the everlasting prohibition for the securities business and the $300,000 fantastic, Gill was additionally ordered to pay $30,000 in prices on the CIRO panel listening to.
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