Article
Terminate With Caution: Regulatory Findings May Not Establish Cause
The Ontario Superior Court's decision in Silva v Royal Bank of Canada examines whether regulatory compliance concerns and policy violations automatically justify dismissal for cause. When RBC terminated a long-serving financial planner following an investigation into client transactions and compliance practices, the Court scrutinized not only the alleged misconduct but also the fairness of the investigation and the substantial impact of regulatory reporting on the employee's future career prospects.
Crawley MacKewn Brush LLP