TORONTO, Nov. 6, 2015 /CNW/ - An appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) for the purpose of setting a date for the disciplinary hearing in the matter of John Donnelly.
The discipline hearing concerns allegations that Mr. Donnelly while a Branch Manager failed to adequately supervise a Registered Representative and the trading in the accounts of one client.
The set date appearance is open to the public, unless the Hearing Panel orders otherwise. The date for the discipline hearing 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.
Set Date Appearance:
November 10, 2015 at 10:00 a.m.
IIROC British Columbia Room
121 King St. W
Specifically, the allegations are that:
(a) From May to November 2010, Mr. Donnelly as Branch Manager failed to adequately supervise a Registered Representative and the accounts of a client, contrary to IIROC Dealer Member Rules 1300.2 and 2500 (IDA Regulation 1300.2 and Policy 2, prior to June 1, 2008).
IIROC formally initiated the investigation into Mr. Donnelly's conduct in March 2013. The conduct occurred while he was a Branch Manager with a Toronto Branch of Raymond James Ltd., an IIROC-regulated firm. Mr. Donnelly is still employed as a Registered Representative at the same branch of Raymond James Ltd.
The Notice of Hearing which sets out the allegations is available at:http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=AD57BC46F3DD41049C12019FD226DB2A&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
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