Four investors who lost nearly $415,000 as a result of a Burnaby man's unregistered trading and advising are getting back the commission they paid him for his work.
But Zhu wasn't registered to trade or advise in securities at the time, according to the commission, and it alleged Zhu had lost almost all of his investors' money by 2018.The settlement agreement said Zhu's trading "caused or contributed to the depletion of the funds in the investors’ trading accounts" but didn't state a specific sum.
The commission also ordered him to pay back $38,639.69 he received in commissions for his unregistered trading and advising.
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