Manitoba Investment Adviser Fined $485K for Stealing Wife’s Funds
Manitoba Investment Adviser Fined $485K for Stealing Wife’s Funds Gennaro Scerbo, a former investment adviser who worked for a branch of RBC Dominion Securities in Winnipeg, has been fined $485,000 – the largest fine in Manitoba’s history – by the Investment Industry Regulatory Organization of Canada (IIROC). Scerbo is accused of making “fraudulent withdrawals from…