MONTRÉAL, Feb. 25, 2016 /CNW/ - A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) issued a decision on February 23, 2016 and ordered the following take effect immediately:
Suspension of approval of Paul David Azeff and Korin David Bobrow, pursuant to IIROC Dealer Member Rule 20.45(1)(a) and (b); and
Paul David Azeff and Korin David Bobrow shall cease dealing with the public immediately, pursuant to IIROC Dealer Member Rule 20.45(1)(d).
The Hearing Panel's decision follows an expedited hearing held on January 28, 2016 in Montréal, Québec, and is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=87C1D457A3404613AC8F53C5D0B2F59F&Language=en.
The English version of the decision will follow.
The Notice of Application filed by IIROC staff is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=5481B32D8CF14DA2B2A2C845D5535E8E&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
For further information: Enforcement Contact: Claudyne Bievenu, Vice-President, Québec, 514 878-2854, email@example.com; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, firstname.lastname@example.org