Section 32: Responsibility for conduct of representatives
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
32. Responsibility for conduct of representatives
(1) This section applies to conduct of a representative—
(a) that relates to securities;
(b) on which a third person (the “client”) could reasonably be expected to rely; and
(c) on which the client in fact relied in good faith.
(2) The investment dealer or the investment adviser shall be responsible
for the conduct of its representatives whether or not the representative was
acting within his authority.
S7 – 19 [Issue 9]
Securities Act
(3) Subsection (2) shall not apply where—
(a) the conduct was not related to securities; and
(b) the representative clearly disclosed that fact to the client before
the client relied on the conduct.