MONTRÉAL, April 28, 2016 /CNW/ - The decision of the IIROC Hearing Panel dated February 23, 2016, ordering the immediate suspension of Paul David Azeff and Korin David Bobrow, was the object of an application for stay of execution before the Bureau de décision et de révision (the Bureau) on March 10 and 11, 2016.
In its decision handed down on April 8, 2016, the Bureau dismisses Mr. Azeff and Mr. Bobrow's application to stay the execution of the decision rendered in their regard by the Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) on February 23, 2016, until final judgment on the merits is rendered on their application for review of this decision.
The Bureau's decision, dated April 8, 2016, is available (in French only) at: http://t.soquij.ca/Cq2j7
The decision of the IIROC Hearing Panel dated February 23, 2016, is available at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=87C1D457A3404613AC8F53C5D0B2F59F&Language=en.
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.
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IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada's debt and equity markets. 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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