Enforcement Notice - Hearing - IN THE MATTER OF Robert James Lewis - Motion

VANCOUVER, Oct. 23, 2015 /CNW/ - A motion has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Robert James Lewis.

The motion 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.

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.

Motion Date: 

November 18, 2015 at 10:00 am

Location: 

Charest Reporting


885 West Georgia Street, 16th Floor


Vancouver, B.C.

The motion relates to a disciplinary proceeding initiated against Mr. Lewis.  The allegations are that Mr. Lewis engaged in several unauthorized outside business activities, including preparation of tax returns and providing investment counseling services; engaged in personal financial dealings with several clients; made an unauthorized settlement with a client; and used blank signed client forms to process transactions in clients' accounts. It is also alleged that Mr. Lewis misappropriated monies from clients' accounts held outside his firm. The amended Notice of Hearing which sets out the allegations is available at:
http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=6903944F05454914B1039E0BFC5B5417&Language=en.

The motion hearing date has been set to deal with any preliminary matters that may arise prior to the hearing dates set for the disciplinary hearing.

IIROC formally initiated the investigation into Mr. Lewis' conduct in July 2012. The alleged violations occurred while he was a Registered Representative with the Vancouver branch of Manulife Securities Inc., an IIROC-regulated firm. Mr. Lewis is currently a registered representative with Raymond James Ltd., an IIROC-regulated firm.

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: Warren Funt, Vice President, Western Canada, 604-331-4750, wfunt@iiroc.ca; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, karcher@iiroc.ca

RELATED LINKS
http://www.iiroc.ca

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