VANCOUVER, Feb. 3, 2014 /CNW/ - A penalty hearing has been scheduled
before a Hearing Panel of the Investment Industry Regulatory
Organization of Canada (IIROC) in the matter of Catherine Deborah
The Hearing Panel will consider the penalty to be imposed as a result of
their decision dated December 16, 2013, which found that Ms. Jones
engaged in discretionary trading and made unsuitable recommendations in
a client's account. The Panel also found that Ms. Jones misrepresented
the nature of certain solicited orders by marking them as unsolicited
and communicated with the same client using an email address not
approved by the firm. The Hearing Panel's liability decision is
The penalty hearing 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.
February 25, 2014 at 10:00 a.m.
UBC Robson Square
800 Robson Street
Vancouver, British Columbia V6Z 3B7
IIROC formally initiated the investigation into Ms. Jones' conduct in
February 2011. The violations occurred when she was a Registered
Representative with the Vancouver branch of Leede Financial Markets
Inc., an IIROC-regulated firm. Ms. Jones is currently a Registered
Representative with the Vancouver branch of Global Securities
Corporation, 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