TORONTO, Sept. 12, 2011 /CNW/ - A hearing has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC) for the purpose of setting a date in the matter of
Randal William Harding.
The proposed discipline hearing concerns allegations that Mr. Harding failed to use due diligence to ensure that
recommendations were suitable for a client and that he engaged in
The set date hearing is open to the public, unless the Hearing Panel
orders otherwise. The date for the discipline hearing will be made
available at www.iiroc.ca.
Set Date Hearing:
10:00 am, September 22, 2011
JPR Meeting Rooms
390 Bay Street, 3rd Floor, Hearing Room C
Specifically, the allegations are that:
From February 2004 to December 2007, Mr. Harding failed to use due
diligence to ensure that recommendations were suitable for his client,
contrary to IDA Regulation 1300.1(q), (formerly IDA Regulation
1300.1(d)), now IIROC Rule 1300.1(q)).
From February 2004 to December 2007, Mr. Harding, while a Registered
Representative, made unauthorized transactions in his client's account,
and thereby engaged in conduct unbecoming contrary to IDA By-law 29.1,
(now IIROC Rule 29.1).
IIROC formally initiated the investigation into Mr. Harding's conduct in
February 2009. The allegations occurred when he was a Registered
Representative at the Toronto branch of Octagon Capital Corporation, an
IIROC-regulated firm. He is no longer a registrant with an
* * *
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
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