CALGARY, Jan. 22, 2014 /CNW/ - A motion has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC), in the matter of Brian Andrew Malley and Christine
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.
January 30, 2014 at 10:00 a.m.
Sutton Place Hotel, Northcote Room
10235 101 Street
The motion relates to a disciplinary proceeding initiated against Brian
and Christine Malley. The allegations are that Brian Andrew Malley has
failed to cooperate with an IIROC investigation, failed to know the
essential facts relative to twelve of his clients, made unsuitable
recommendations to ten clients, and made discretionary trades in the
accounts of seven clients, without having the accounts approved as
discretionary accounts; and that Christine Marie Malley has failed to
cooperate with an IIROC investigation and failed to exercise her
supervisory responsibilities with respect to the accounts of twelve
The Notice of Hearing which sets out the allegations is available at:
The motion is being brought by Brian and Christine Malley, seeking a
stay of the IIROC proceedings pending the final determination of
criminal proceedings against Brian Malley.
IIROC formally initiated the investigation into the conduct of Brian and
Christine Malley in May 2012. The alleged violations occurred when
Brian was a Registered Representative and Christine was a Branch
Manager with the Red Deer branch of Assante Capital Management Ltd., an
IIROC-regulated firm. Brian and Christine Malley are no longer
registrants with 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:
Vice President, Western Canada
Senior Media and Public Affairs Specialist