Man charged with Innisfail murder banned from investment industry

A former investment adviser charged with the murder of an Innisfail mother has been kicked out of the industry.

A former investment adviser charged with the murder of an Innisfail mother has been kicked out of the industry.

Brian Andrew Malley has been permanently banned from registering with the Investment Industry Regulation Organization of Canada (IIROC), fined $300,000 and ordered to pay $35,000 for investigation costs.

Malley’s wife, Christine Marie Malley, has also been banned from registering with IIROC, fined $250,000 and ordered to pay costs of $15,000.

Brian Malley, who worked in Red Deer for Assante Capital Management Inc., was arrested in May 2012 in connection with the Nov. 25, 2011, death of Vicky Shachtay. RCMP say the 23-year-old disabled mother was killed when a bomb delivered to her home exploded.

IIROC subsequently investigated Malley’s conduct, citing a number of complaints from his clients that he had mishandled their accounts. In March, a hearing panel ruled that Malley had violated a number of IIROC rules. On Thursday, it announced its penalties.

Christine Malley, who also worked for Assante, was investigated by IIROC and found to have breached its rules as well.

Brian Malley’s criminal trial is scheduled to begin on Jan. 26, 2015. He is charged with first-degree murder, causing an explosion likely to cause harm or death, and sending an explosive device.

An $80-million civil lawsuit is also underway.

Just Posted

SUV smashes through fences and deck in Anders

Driver taken to hospital after SUV veered off 30th Avenue into Anders

Red Deer’s new ‘equity co-ordinator’ will promote tolerance

Andrea Lacoursiere was hired by city with Alberta Human Rights funding

More bridge work this summer in Red Deer’s Coronation Park

The park’s north bridge is being rebuilt to ensure safety

Man badly injured in off-road vehicle collision on Saturday

Incident happened in Mountain View County about 10:50 p.m.

Heat warning in effect for Central Alberta

Environment Canada has issued a heat warning for Central Alberta. Residents in… Continue reading

CFIA inspects after video shows pigs crammed into B.C. transport truck

The video shows pigs piled on top of one another in a transport truck on a “sweltering” hot day last week

‘City of icebergs:’ Study says 100s of Arctic glaciers shrinking, disappearing

The statistics in her recently published paper say it all: hundreds of… Continue reading

U.S. hits back with WTO challenge against Canada’s retaliatory tariffs

OTTAWA — The United States fired back Monday at the Canadian government’s… Continue reading

Croatia gears up to give heroes’ welcome to World Cup team

ZAGREB, Croatia — Fans are pouring in from throughout the country as… Continue reading

Statelessness a hurdle for some rescued Thai boy

MAE SAI, Thailand — The 12 boys and coach of the Wild… Continue reading

Lobbying commissioner rejects complaints against firearms panel member

OTTAWA — A federal watchdog has dismissed complaints that a mass-shooting survivor… Continue reading

CREA reports June home sales down 10.7% from year ago, but up from May

OTTAWA — The Canadian Real Estate Association says the number of homes… Continue reading

Red Deer Royals place second at Calgary Stampede parade

Royals depicted life in forest and portrayed destruction by human beings

Muslim candidates running in record numbers face backlash

SPRINGFIELD, Mass. — A liberal woman of colour with zero name recognition… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month