EBOS should just have said why. It is pretty obvious. I hope the FMA hasn't done a deal where the director goes and no action. Either EBOS comes out and says the guy "breached all its rules and the company demanded his resignation. The company is cooperating with the FMA and has agreed to a fine of Xx in respect of the breach" or this is a green light for companies to try it on and then do something later to fix it but avoid any action or not. CMON FMA shows us your fangs, defend your regs or might as well have your year end Xmas party now and close up shop.