TORONTO, Aug. 27 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada to hear evidence and submissions in the matter of James Charles Dennis.
The hearing concerns an allegation that Mr. Dennis entered into a business referral arrangement with another industry participant, for which he received compensation, and repeatedly failed to inform his firm. This conduct is unbecoming and detrimental to the public interest, contrary to IIROC Rule 29.1.
The hearing is open to the public, unless the panel orders otherwise. The panel's decision and reasons will be made available to the public at www.iiroc.ca.
Hearing Date: 10:00 am, November 23 and 24, 2010
Location: Legal Transcript Services, 390 Bay Street, Suite 1102,
Specifically, the allegation states that between about June 2007 and September 2008, Mr. Dennis failed to disclose to his employer, IPC Securities Corp., about certain outside business activities, contrary to IIROC Dealer Member Rule 29.1.
IIROC began its investigation into Mr. Dennis's conduct on October 24, 2008. The alleged violation occurred while Mr. Dennis was a Registered Representative with the Toronto Branch of IPC Securities Corp., an IIROC-regulated firm. He is no longer employed with 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.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information: For further information: Jeffrey Kehoe, Vice President, Enforcement, 416.943.6996, email@example.com