Enforcement Notice - Hearing - IN THE MATTER OF Thomas William Dunn and Gordon Joseph Wimble - Settlement Hearing

CALGARY, April 9, 2015 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider whether the panel should accept a Settlement Agreement entered into between IIROC staff and Thomas William Dunn and Gordon Joseph Wimble.

The Agreement concerns conduct involving Mr. Dunn failing in his Know Your Client (KYC) obligations with respect to two clients, and making unsuitable recommendations for the same two clients.  While Mr. Wimble, the Branch Manager at the time, failed in his supervisory duties regarding Mr. Dunn's handling of the accounts of the two clients.

The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the Panel's decision and the Settlement Agreement 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.

Hearing Date:

April 21, 2015 at 10:00 a.m.



Location:

Delta Winnipeg Hotel 


350 St Mary Avenue


Winnipeg, Manitoba


Westminster Room

IIROC formally initiated the investigation into Mr. Dunn's conduct in August 2011. The violations occurred while he was a Registered Representative with the Winnipeg branch of CIBC World Markets Inc., an IIROC-regulated firm.   Mr. Dunn is still employed at CIBC World Markets Inc., as a Registered Representative. 

IIROC formally initiated the investigation into Mr. Wimble's conduct in May 2012. The violations occurred while he was a Branch Manager with the Winnipeg branch of CIBC World Markets Inc., an IIROC-regulated firm.   Mr. Wimble is no longer a registrant with an IIROC-regulated firm.

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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

For further information: Enforcement Contact: Warren Funt, Vice President, Western Canada, 604 331-4750, wfunt@iiroc.ca; Media Contact: Karen Archer, Senior Media and Public Affairs Specialist, 416 865-3046, karcher@iiroc.ca

RELATED LINKS
http://www.iiroc.ca

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