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Former Calgary advisor faces fraud charges


James Langton
A former financial advisor in Calgary is facing criminal charges for alleged unauthorized trading.
The Alberta RCMP Integrated Market Enforcement Team (IMET) said a former advisor, Jeffrey Ber, 38, has been charged with two counts of fraud (over $5,000) and one count of receiving a secret commission.
The allegations have not been proven.
Ber is scheduled to appear in provincial court in Calgary on July 19.
The RCMP said the charges follow “an extensive investigation” based on a referral from the Alberta Securities Commission (ASC), which “revealed that Ber conducted trades in client accounts without their knowledge and without discretionary authority.” ....

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Calgary financial adviser charged in alleged multimillion-dollar fraud


Article content
A Calgary-based financial adviser has been accused of orchestrating a multimillion-dollar fraud that saw him rewarded for allegedly moving unsuspecting clients’ funds into a penny stock.
Jeffrey Ber, 38, is charged with two counts of fraud over $5,000 and one count of secret commission, Alberta RCMP’s Integrated Market Enforcement Team said in a release Monday.
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Calgary financial adviser charged in alleged multimillion-dollar fraud Back to video
It’s alleged Ber initiated unauthorized trades in clients’ accounts without their knowledge. Some were downgraded without their consent and, in some cases, blue-chip stocks were sold to purchase a publicly traded penny stock, the release states. The investigation was launched following a referral from the Alberta Securities Commission. ....

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