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Desjardins pays $1-million penalty over mutual fund sales Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Desjardins Financial Services Firm Inc. has agreed to pay a $1-million penalty after industry regulators found it was offering its financial advisers higher compensation to sell its own proprietary mutual funds. On Wednesday, the Financial Markets Administrative Tribunal approved an agreement between Quebec’s securities watchdog Autorité des marchés financiers (AMF) and Desjardins Financial Services after an investigation revealed that the company’s compensation structure breached regulatory rules. ....