IIROC announces settlement hearing for Matthew Beechey

TORONTO, Nov. 16, 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 Matthew Beechey.

The agreement concerns allegations that Mr. Beechey did not exercise sufficient due diligence to ensure that he fully understood the product, or certain clients, and that he failed to make suitable investment recommendations for certain clients.

The hearing is not open to the public, unless and until the Settlement Agreement has been accepted by the Hearing Panel.  If the Hearing Panel accepts the Settlement Agreement, the Hearing Panel's decision and reasons will be made available to the public, along with the Settlement Agreement at www.iiroc.ca.

Hearing Date:   December 7, 2011 at 10:00 a.m.
   
Location:    JPR Meeting Rooms, 390 Bay Street, 3rd Floor
Hearing Room A
Toronto, Ontario

IIROC formally initiated the investigation into Mr. Beechey's conduct in January of 2008.  The allegations occurred when Mr. Beechey was a Registered Representative with the Waterloo branch of TD Waterhouse Canada Inc., an IIROC regulated firm.  Mr. Beechey is currently employed as a Registered Representative with the Waterloo branch of CIBC World Markets 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:

Jeff Kehoe
Vice President, Enforcement
416 943-6996
jkehoe@iiroc.ca
    Elsa Renzella
Director, Enforcement Litigation
416.943.5877
erenzella@iiroc.ca

 


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.