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by Mike Caswell

A retiree has filed a lawsuit in the Supreme Court of British Columbia against Canaccord Genuity Corp., claiming that she lost most of her $300,000 investment after being pitched a "product that did not exist." Vancouver woman Agnes Curran says that two Canaccord employees told her that she could turn her money into $795,000 through a life insurance policy, but 12 years later the cash value of her investment is $110,936. Ms. Curran says that she had asked for a risk-free investment so that she could leave a gift to her children.

The allegations are contained in a notice of claim that Ms. Curran, 78, filed at the Vancouver courthouse on Feb. 7, 2025. She identifies herself as a longtime client of Canaccord, having been with the firm since 2000. She says that she placed "significant trust" in her adviser at Canaccord, Sean Duncan, as Mr. Duncan had been her husband's adviser and Mr. Duncan's father had been an adviser to the father of Ms. Curran's husband.

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