Does the Respondent have any duties as a trustee of a non-client scheme?
British Columbia, Canada
The following excerpt is from McCandless (Re), 2010 LSBC 9 (CanLII):
In Law Society of BC v. Hops, [2000] LSDD No. 11, the respondent failed to warn the non-client investors that he was not protecting their investments and did not have any duties as a trustee. The Respondent’s actions to perpetuate the scheme were far less than in the present case, nor was he in a conflict.
In Law Society of BC v. Bohun, [2003] LSBC 8, the respondent was duped by his client into making representations to the investors that could have led them to believe their investments would be repaid.
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