🚀 go-pugleaf

Hi Carlos,
    I don't know if  I can help but in my case my mom   put her direct
trading acct. in my sisters name and some where in the transfer it turned
into a rrsp acct. . I looked into it and found that my sister mistakenly
sign the proper papers to do this. i feel that she was taken advantage of by
the broker. apparently there's no recourse in my situation. good luck with
yours.

Carlos wrote:

> Forgive the cross-posting, but I'm not sure where to address this
> question.
> My sister-in-law had me go over her statements from her broker because
> there was something she didn't understand.
> It turns out, she requested to cash in her non-rsp account, but the
> broker/advisor made an error.
> The statements showed one of the mutual funds issued a cheque, and it
> was deposited in her rsp account (approx $11,000). The statement then
> shows a withdrawal from the rsp of approx $15,000 (numbers rounded for
> simplicity). She was issued a cheque for approx $11,000 (I assume the
> rest was for withholding tax).
> a. she never requested the deposit into her rsp account
> b. she never requested a withdrawal from her rsp account
> c. the deposit puts her over her contribution limit
> d. the withdrawal will increase her income by approx 15,000
> e. her rsp account shows an "overdraft" of almost $5000
> f. she is paying interest on this "overdraft"
> Her account manager is on vacation, so we will book an appointment as
> soon as she returns, but in the meantime, I am trying to find some info.
> 1. can the rsp deposit/withdrawal be reversed?
> 2. if not, what action can she take against the broker/manager/manager?
>
> Please help..
> thanks.
> carlos.
> cmartin@pathcom.com