TORONTO, Oct. 3, 2013 /CNW/ - The Investment Industry Regulatory
Organization of Canada (IIROC) announced today that additional
settlement funds have been disbursed to eligible investors who
purchased third-party Asset-Backed Commercial Paper (ABCP) from
Deutsche Bank Securities Ltd. (DBSL). Cheques for their pro rata share
of settlement funds were mailed to investors on September 30, 2013.
As previously announced in May 2013, IIROC appointed Ernst & Young Inc.
to administer the distribution of the settlement funds to eligible
investors who purchased ABCP issued by Coventree Inc. from DBSL between
July 25, 2007 and August 10, 2007.
A total of $1 million plus interest earned on these funds, net of
administration fees, has been disbursed to eligible investors. The
monies were collected in an enforcement settlement agreed to by DBSL.
Any investor questions should be addressed directly to the Administrator
ERNST & YOUNG INC.
Phone (in Toronto): 416-941-1797
Phone (toll-free): 1-855-941-1797
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.
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
Vice-President, Public Affairs
416.943.5870 or email@example.com
Manager, Corporate Communications
416.943.6921 or firstname.lastname@example.org