MONTREAL, Mar. 1, 2016 /CNW/ - Pursuant to the decision of a Hearing Panel of IIROC dated February 23, 2016 ordering the immediate suspension of Paul David Azeff and Korin David Bobrow (the Applicants), the latter filed a motion with the Bureau de décision et de révision (the Bureau), dated February 25, 2016. The motion concerns an application for a stay order and review of IIROC's decision.
The Applicants' applications will be heard at the Bureau on the following dates:
1) March 10, 2016, for the application for a stay order; and
2) April 11, 2016, for the application for review.
The hearings before the Bureau will be held at 9:30 a.m., in the Paul-Fortugno room, at 500 René-Lévesque Blvd West, Suite 16.40, Montréal, Québec.
The Hearing Panel's decision is available at:
Details regarding the review hearing can be found at: http://www.bdr.gouv.qc.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.
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 Bienvenu, Vice-President, Québec, 514 878-2854, email@example.com; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, firstname.lastname@example.org