Peter Farber (B‪)‬

An investment advisor at the Toronto, Ontario branch of Reese, Gordon, and Company received a call from a seasoned investigator with the Special Investigations Unit (SPU) of the Investment Dealers Association. She was calling to inform him that the SPU had been called in to investigate the alleged mishandling of a client's account. The regulator becomes involved in the transaction described in Peter Farber (A) case, 9A98N033, once the investment advisor makes the trade and the account holder becomes aware of the unauthorized transaction. The investment advisor, who has effected similar transactions on other accounts, must decide on the best strategy of dealing with the regulator.