IIROC announces disciplinary hearing for Randall Glen Bergh

CALGARY, May 12 /CNW/ - A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has scheduled a hearing to consider whether to accept a Settlement Agreement between IIROC staff and Randall Glen Bergh.

The proposed agreement concerns allegations that Mr. Bergh failed to adequately perform his supervisory duties when he approved the opening of a number of new client accounts.

The hearing is not open to the public, but will become open in the event the panel accepts the agreement. If the agreement is accepted, the panel's decision and reasons, together with the Settlement Agreement, will be made available at www.iiroc.ca.

Hearing Date:  May 19, 2011 at 11:00 am
   
Location:   Calgary Telus Convention Centre
120 - 9 Avenue SE
Calgary, Alberta
Room: Telus 104

IIROC began the investigation into Mr. Bergh's conduct in September 2010. The alleged violations occurred when he was the branch manager at the Calgary branch of Blackmont Capital Inc., now known as Macquarie Private Wealth Inc.  Mr. Bergh is presently a Registered Representative with the Calgary branch of Macquarie Private Wealth Inc., an IIROC-regulated firm.

* * *

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:

Warren Funt
Vice President, Western Canada
604.331.4750
wfunt@iiroc.ca
      Elsa Renzella
Director, Enforcement Litigation
416.943.5877
erenzella@iiroc.ca

 


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