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