IIROC announces disciplinary hearing for Mark Steven Rotstein and Jessica Elisabeth Zackheim

TORONTO, Nov. 23, 2011 /CNW/ - A disciplinary hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada ("IIROC") in the matter of Mark Steven Rotstein and Jessica Elisabeth Zackheim.

The disciplinary hearing concerns allegations that Mr. Rotstein and Ms. Zackheim forged dozens of client signatures on hundreds of account and investment documents over more than a decade.

The hearing is open to the public, unless the Hearing Panel orders otherwise.

Hearing dates:   April 16 to 23, 2012, at 10:00 a.m.
   
Location:    Legal Transcript Services
  350 Bay Street, Suite 700
  Toronto, Ontario  M5H 2S6

Specifically, the allegation is that:

For more than a decade until March 2011, Mr. Rotstein and Ms. Zackheim forged signatures on client account and investment related documents contrary to IDA By-law 29.1 and IIROC Dealer Member Rule 29.1.

IIROC formally initiated the investigation into Mr. Rotstein and Ms. Zackheim's conduct in May 2011. The alleged violations occurred when Mr. Rotstein was a Registered Representative and Ms. Zackheim was an Investment Representative at the North York Branch of RBC Dominion Securities Inc., an IIROC regulated firm. Mr. Rotstein and Ms. Zackheim are now registered in those capacities at the Head Office Branch of Scotia Capital Inc., an IIROC regulated firm.

The Notice of Hearing is available at:
http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=93B42D425ACB474E9F79271F1663F44D&Language=en

The Scheduling Order issued by the Hearing Panel is available at:
http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=8BAF28021C2E435D896D5963A05C7CE1&Language=en

* * *

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 and permanent bans or terminations 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 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.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information:

Jeffrey Kehoe Elsa Renzella
Vice President, Enforcement Director, Enforcement Litigation
416.943.6996 416.943.5877
jkehoe@iiroc.ca erenzella@iiroc.ca

 


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