TORONTO, July 18, 2012 /CNW/ - An expedited hearing has been scheduled
before a Hearing Panel of the Investment Industry Regulatory
Organization of Canada (IIROC), in the matter of Peregrine Financial
Group Canada, Inc. (Peregrine).
At the expedited hearing, IIROC staff will be seeking orders pursuant to
Dealer Member Rules 20.41, 20.42 and 20.45. In particular, IIROC staff
will be seeking, among other things, an order for the immediate
suspension of Peregrine's membership.
The hearing is open to the public, unless the Hearing Panel orders
otherwise. The decision of the Hearing Panel will be made available at www.iiroc.ca, where investors can also access an IIROC investor update on Peregrine Financial Group Canada.
Thursday, July 19, 2012, at 10:00 a.m.
IIROC British Columbia Room
121 King Street West, Suite 2000
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:
Director, Enforcement Litigation
Director, Public Affairs