VANCOUVER, June 1, 2012 /CNW/ - A hearing has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC) in the matter of Gurpreet Pawar.
The hearing concerns an allegation Mr. Pawar acted contrary to Dealer
Member Rule 29.1 by misappropriating approximately $95,000 from four
The hearing is open to the public, unless the panel orders otherwise.
The decision of the panel will be made available at www.iiroc.ca.
Documents related to ongoing IIROC enforcement proceedings - including
Reasons and Decisions of Hearing Panels - are posted on the IIROC
website as they become available. Click here to search and access all IIROC enforcement documents.
10:00 a.m., October 23-24, 2012
Reportex Agencies Ltd., 925 West Georgia Street, Suite 1010
Specifically, the allegation is from December 2009 to February 2010, Mr.
Pawar acted contrary to Dealer Member Rule 29.1 by misappropriating
approximately $95,000 from four individuals.
IIROC formally initiated the investigation into Mr. Pawar's conduct in
November 2010. The alleged violations occurred when he was a Registered
Representative with the Vancouver branch of Credential Securities Inc.,
an IIROC-regulated firm. Mr. Pawar is no longer a registrant with an
The Notice of Hearing which sets out the allegation is available at
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:
Vice President, Western Canada
Director, Public Affairs