Manitoba man pleads guilty to securities and mortgage violations
A former Manitoba mortgage salesperson has pleaded guilty to several non-criminal securities and mortgage violations totalling hundreds of thousands of dollars.
On Tuesday, Brett Allan Dobbin, 59, pleaded guilty to 18 counts of trading without registration under The Securities Act and another 36 counts under the Mortgage Brokers Act.
He was originally charged in January 2020 under both acts involving 18 different transactions that totalled over $534,000 with the victim being a woman in her 80s. All the transactions happened between April 2016 and December 2017.
The Manitoba Securities Commission (MSC) said Dobbin acted as both the mortgage broker and mortgage salesperson on his own behalf and failed to pay over monies to the mortgage broker he was registered with.
Dobbin was also disciplined for a similar incident in 2006 involving another widowed senior and he was sanctioned including denial of exemptions for seven years.
A sentencing hearing will take place on Nov. 5.
The MSC is reminding people to be aware of senior financial abuse and said there are several warning signs to be aware of.
These include social isolation, dependence on another for financial support, substance abuse or misuse, depression or mental illness, sudden change in appearance such as poor hygiene or weight loss, a difference between the standard of living and financial assets, and someone who is overly protective or controlling of the senior.
If people think anyone is being targeted by an investment fraud attempt, they are told to call the MSC.
Correction
CTV News has changed the title and first line of the story to clarify that Brett Dobbin pled guilty to several securities and mortgage violations, and not criminal charges. Additional changes were made to provide more clarity.
CTVNews.ca Top Stories
DEVELOPING Man sets self on fire outside New York court where Trump trial underway
A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic hush-money trial was taking place as jury selection wrapped up, but officials said he did not appear to have been targeting Trump.
BREAKING Sask. father found guilty of withholding daughter to prevent her from getting COVID-19 vaccine
Michael Gordon Jackson, a Saskatchewan man accused of abducting his daughter to prevent her from getting a COVID-19 vaccine, has been found guilty for contravention of a custody order.
She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
Scottish comedian Samantha Hannah was working on a comedy show about finding a husband when Toby Hunter came into her life. What happened next surprised them both.
Mandisa, Grammy award-winning 'American Idol' alum, dead at 47
Soulful gospel artist Mandisa, a Grammy-winning singer who got her start as a contestant on 'American Idol' in 2006, has died, according to a statement on her verified social media. She was 47.
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Young people 'tortured' if stolen vehicle operations fail, Montreal police tell MPs
One day after a Montreal police officer fired gunshots at a suspect in a stolen vehicle, senior officers were telling parliamentarians that organized crime groups are recruiting people as young as 15 in the city to steal cars so that they can be shipped overseas.
The Body Shop Canada explores sale as demand outpaces inventory: court filing
The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales after announcing it would file for creditor protection and close 33 stores.
Vicious attack on a dog ends with charges for northern Ont. suspect
Police in Sault Ste. Marie charged a 22-year-old man with animal cruelty following an attack on a dog Thursday morning.
On federal budget, Macklem says 'fiscal track has not changed significantly'
Bank of Canada governor Tiff Macklem says Canada's fiscal position has 'not changed significantly' following the release of the federal government's budget.