Qualicum Beach man fined $60K for spending client’s money on ‘risky’ investments

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A former Vancouver Island portfolio manager has been fined $60,000 by the B.C. Securities Commission (BCSC) for “steering his clients into an unsuitable investment.”

A former Vancouver Island portfolio manager has been fined $60,000 by the B.C. Securities Commission for “steering his clients into an unsuitable investment.”

The securities commission determined MacSween made the risky investments when it conducted a compliance review for Fieldhouse Capital Management Inc. in August 2021, where MacSween was a portfolio manager and manager of one of the firm’s investment funds, the Class M Global Macro Core Fund.

 

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