IN THE MATTER OF Steven George Conville - Discipline Hearing

TORONTO, Jan. 24, 2012 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Steven George Conville.

The proposed discipline hearing concerns allegations that Mr. Conville participated in and facilitated a scheme, including preparing false client account statements, to obtain a mortgage.

Hearing Dates:     January 30 and 31, 2012 at 10:00 a.m.
Location:     

Legal Transcript Services
350 Bay Street, 7th floor
Toronto, ON M5H 2S6

The hearing is open to the public, unless the panel orders otherwise. The panel's decision 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.

Specifically, it is alleged that:

  • Between March 2009 and May 2009, Mr. Conville participated in and facilitated a scheme in which two of his friends would obtain a mortgage based on fraudulent grounds and use the proceeds to purchase Mr. Conville's residence, thereby violating Dealer Member Rule 29.1.

IIROC formally initiated the investigation into Mr. Conville's conduct in May 2009. The alleged violations occurred when Mr. Conville was a Registered Representative with a Markham, ON Branch of Macquarie Private Wealth Inc., formerly Blackmont Capital Inc., an IIROC-regulated firm.  Mr. Conville is currently registered in the same capacity with the same firm.

The Notice of Hearing is available at:

http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=ED97DC54B8FA4ACE9D125D5955E09809&Language=en

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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