Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 9, 2012, Winnipeg, Manitoba C M Y K PAGE A18 A 18 WINNIPEG FREE PRESS, SATURDAY, JUNE 9, 2012 MANITOBA winnipegfreepress. com • Manufacturer’s warranty • 30- day/ 2500 km no- hassle exchange privilege • 150+ point inspections • 24- hour roadside assistance * 0% Available on most models. ** All prices are with $ 2000 Down or equivalent trade. See dealer for details. 204- 697- 1400 1400 McPHILLIPS WINNIPEG MB SAVE TIME • SHOP ON- LINE www. jimgauthierchevy. com www. jimgauthierchev. com www. jimgauthierchev. com www. jimgauthierchevy. com shop on li ne THE BIG GUY’S 58 th ANNIVERSARY at JIM GAUTHIER CHEVROLET The Big Guy is going to sell 258 Vehicles this month... 205 TO GO! The Only thing no t left to chance is our prices, we will not be beat new or used!!! EXTRA STUDENTS DISCOUNT EXTRA MILITARY DISCOUNT SENIORS EXTRA DISCOUNT WE NEED YOUR TRADE WE WILL PAY THE HIGHEST FOR YOUR TRADE AND YOU WILL PAY THE LOWEST FOR YOUR PURCHASE GUARANTEED!!!! M uf tu ’ s nt Come & Experience Why Everybody Loves a Gauthier North End Deal YOU WANTED WE AGREED • 0% Upto84months * • Lease Loyalty up to $ 1250 • Bi- Weekly Payments on New starting at $ 69 • Bi- Weekly Payments on Used starting at $ 55 • Best Selection, Best Prices on All New & Used • Best Price for your Tr ade • Lease Rates start at 0% • Up to $ 12,000 off Brand New Tr ucks . . . . . . . . R A NDOM C A SH DRAWS! RANDOM BIKE DRAWS! RANDOM T V DRA WS! 2012 JUNE 2012 RE E D 26 19 Days to Sell Everything at Anniversary Pricing!! . . . . . . . . 2010/ 2011 Chev Impala All trim levels. Choose from 26. As low as 2010/ 2011 Dodge Grand Caravans Choose from 18. As low as $ 15,988 ** 2011 Ford Ranger Supercab XLT 2WD, only 11,000 kms. Only $ 14,988 ** or $ 95 B/ W ** 2011 Chev Camaro 2SS Convertible Auto. Only 24,000 kms. New $ 56,890 NOW $ 39,998 ** 2007/ 2009 Cobalts/ G5’ s 6 In stock. As low as $ 13,998 ** $ 7,998 ** T HE financial industry is swinging back at a one- time adviser who is suing his former employers. BMO Nesbitt Burns and National Bank Financial have each filed counterclaims against one- time successful planner Doug Warkentin, wanting to recover $ 1 million they gave him in the form of loans and bonuses before each let him go. Warkentin went to work for BMO Nesbitt Burns in August 2011 but was fired in January. Before working for BMO Nesbitt Burns, Warkentin was a star financial adviser with Wellington West. Warkentin alleges he was forced to quit in July before the local investment firm was taken over by National Bank Financial. Warkentin filed a suit against BMO Nesbitt Burns in March, alleging the firm hired him last summer just so it could get his lucrative $ 70- million client portfolio and then fired him. Warkentin filed a suit against National Bank Financial in April, asking the court for an injunction prohibiting its staff from attempting to lure away his clients and unspecified general and punitive damages for alleged actions taken against him. The allegations have not been proven in court. In a statement of defence filed recently at Queen’s Bench, BMO Nesbitt Burns denies the allegations and says its local official was unaware of the extent of Warkentin’s trouble within the industry, which was the reason he was let go. National Bank Financial filed a statement of defence and counterclaim last week, stating Warkentin had signed several releases before he left Wellington West, and he has no grounds to pursue legal action against it. National Bank Financial claims Warkentin still owes it about $ 355,000. BMO Nesbitt Burns claims Warkentin owes it $ 740,000. In court documents filed in March in the action against BMO Nesbitt Burns, Warkentin said he was facing an investigation by a regulatory agency for falsifying personal financial documents while at Wellington West. Warkentin alleges he told BMO’s local official about the investigation, but BMO alleges he didn’t provide all the details. The Investment Industry Regulatory Organization of Canada held hearings into Warkentin’s alleged offences in late May. A decision has not been reached. Warkentin filed a reply to the statement of defence from BMO Nesbitt Burns, repeating his earlier allegations and insisting he and his former lawyer told BMO everything about the pending investigation against him. He asked the court to dismiss BMO’s counterclaim. aldo. santin@ freepress. mb. ca Counterclaims filed in financial industry suits By Aldo Santin BORIS MINKEVICH / WINNIPEG FREE PRESS Wild Winnipeg Deer graze along the riverbank near the University of Manitoba. A_ 18_ Jun- 09- 12_ FP_ 01. indd A18 6/ 8/ 12 9: 52: 04 PM ;