CALGARY, Aug. 5 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada to consider whether the panel should accept a settlement agreement between IIROC staff and Todd Robert Dean.
The agreement concerns allegations that Mr. Dean engaged in conduct unbecoming and detrimental to the public interest by forging client signatures, and then misleading both his firm and regulatory staff when a client complained about the forgeries.
The hearing will not be open to the public, but will become open in the event the panel accepts the agreement. If the agreement is accepted, the panel's decision and reasons will be made available at www.iiroc.ca.
Hearing Date: 10 am, August 27, 2010
Location: Calgary Telus Convention Centre
120-9 Avenue SE, Calgary, Alberta
Specifically, the allegations in the agreement are that Mr. Dean breached IIROC Rule 29.1 when he:
(a) forged signatures of five of his clients on account documentation;
(b) misled his employer, TD Waterhouse Canada Inc., and the Investment
Dealers Association of Canada (now part of IIROC) by providing false
information in response to an anonymous complaint regarding forged
The alleged violations occurred in 2005 and in February 2008, when Mr. Dean was a Registered Representative with TD Waterhouse. IIROC began the investigation into Mr. Dean's conduct on June 22, 2009. Mr. Dean is not currently registered 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: Warren Funt, Vice President, Western Canada, 604.331.4750, firstname.lastname@example.org; Jeff Kehoe, Vice President, Enforcement, 416.943.6996, email@example.com