VANCOUVER, Nov. 18, 2011 /CNW/ - A hearing has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC), to consider whether the Hearing Panel should accept a
Settlement Agreement entered into between Staff of IIROC and James
Darren Delcourt and James Alexander Stewart.
The agreement concerns allegations that Mr. Delcourt and Mr. Stewart
conducted themselves as portfolio managers without being registered as
such; and made investments for clients that had no clear economic
The hearing is not open to the public unless and until the Settlement
Agreement has been accepted by the Hearing Panel. If the agreement is
accepted, the Panel's decision and reasons, together with the
Settlement Agreement, will be made available at www.iiroc.ca.
December 6, 2011, 10:00 am
Calgary TELUS Convention Centre
120-9 Ave SE,
Room: Glen 205 (South building)
IIROC formally initiated the investigation into Mr. Delcourt and Mr.
Stewart's conduct in March 2010. The alleged violations occurred when
Mr. Delcourt and Mr. Stewart were Registered Representatives with the
Calgary branch of Mackie Research Capital Corporation, an IIROC
regulated firm. Mr. Delcourt and Mr. Stewart continue to be registered
in the same capacity at the same 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
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