TORONTO, Jan. 16, 2012 /CNW/ - An Expedited Hearing has been scheduled
before a Hearing Panel of the Investment Industry Regulatory
Organization of Canada (IIROC) in the matter of Barret Capital
At the Expedited Hearing, IIROC staff will be seeking orders pursuant to
Dealer Member Rules 20.42 and 20.45. In particular, IIROC staff will be seeking, among other things, an
order for the immediate suspension of Barret's membership and a
termination of its membership within 30 days of the order. The grounds
for IIROC staff's application are set out in the Notice of Application
dated January 10, 2012.
The Expedited Hearing is open to the public, unless the panel orders
January 17, 2012 at 10:00 am
JPR Meeting Rooms
390 Bay Street, Third Floor, Hearing Room C, Toronto, ON
IIROC formally initiated an investigation into the conduct of Barret
Capital Management Inc. in March 2011.
The Notice of Application is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=3DE17909481D426C8407F243DD6DCCEC&Language=en.
IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces
in Canada. Created in 2008 through the consolidation of the Investment
Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry
standards, protects investors and strengthens market integrity while
maintaining efficient and competitive capital markets.
IIROC carries out its regulatory responsibilities through setting and
enforcing rules regarding the proficiency, business and financial
conduct of dealer firms and their registered employees and through
setting and enforcing market integrity rules regarding trading activity
on Canadian equity marketplaces.
IIROC investigates possible misconduct by its member firms and/or
individual registrants. It can bring disciplinary proceedings which may
result in penalties including fines, suspensions, permanent bars,
expulsion from membership, or termination of rights and privileges for
individuals and firms.
All information about disciplinary proceedings relating to current and
former member firms is available in the Enforcement section of the IIROC website. Background information regarding the
qualifications and disciplinary history, if any, of advisors currently
employed by IIROC-regulated firms is available free of charge through
the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or
marketplace-related complaints is available by calling 1.877.442.4322.
IIROC Notice 12-0014 Enforcement Notice/News Release - IN THE MATTER OF
Barret Capital Management Inc. - Expedited Hearing
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
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Director, Public Affairs