IN THE MATTER OF Barret Capital Management Inc. - Expedited Hearing

TORONTO, Jan. 18, 2012 /CNW/ - A hearing was held on January 17, 2012 before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Barret Capital Management Inc.

According to the terms of an adjournment Order by the Panel at the hearing, Barret is restricted to carrying out liquidating or closing trades in all securities and from opening any new client accounts except for trading in physical metals, which is permitted subject to certain restrictions. Full terms of the Panel Order are available at

http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=330A6F45727B4ACC9E0CB286A1E263FC&Language=en

The Panel has not yet made any findings or determinations as to any misconduct on the part of Barret. The expedited hearing is adjourned to February 13, 2012.

The Expedited Hearing is open to the public, unless the panel orders otherwise.  Details as to the location for the Expedited Hearing will be posted once confirmed.

IIROC formally initiated an investigation into the conduct of Barret Capital Management Inc. in March 2011.  The grounds for IIROC staff's application are set out in the Notice of Application dated January 10, 2012.

The Notice of Application is available at

http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=3DE17909481D426C8407F243DD6DCCEC&Language=en

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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.

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, permanent bars, expulsion from membership, or termination of rights and privileges 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.


 

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information:

Enforcement Contact:
Jeff Kehoe
Vice President, Enforcement
416 943-6996
jkehoe@iiroc.ca
      Media Contact:
David Thomas
Director, Public Affairs
416 943-6921
dthomas@iiroc.ca   

 


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