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He had turned two investment statements into one, thereby doubling his holdings and at the same time conveniently omitting the portion that referenced some debt he had. While it is encouraging in these times to see a willingness to trust and assume that things truly are as they are being presented, the cold reality is that such trust can sometimes be misplaced. There was no evidence the employer had lied or knowingly misled the advisor, or anyone, and so no breach of any duty of honesty and fair dealing. The plaintiff's action alleged that the hiring and firing was an orchestrated attempt by the defendants to obtain the plaintiff's clients. A few months later the past employer provided some troubling information to the defendant employer about the exact nature of the IIROC investigation, suggesting the plaintiff had not only overstated his financial holdings, but had apparently done so by forging certain documentation.
