VANCOUVER, May 5 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to determine the penalty to be imposed on Dirk Christian Lohrisch. The date has been set after an April 20, 2010 oral decision found Mr. Lohrisch engaged in actions involving the submission of misleading documents, certain forged documents and the frustration or obstruction of an IIROC investigation.
The hearing is open to the public, unless the Panel orders otherwise. The Panel's decision and reasons related to both the findings and the penalty will be published when they become available after the hearing.
Hearing Date: 9 am. May 27, 2010
Location: UBC Robson Square (Telus Boardroom), 800 Robson Street,
The April 20, 2010 decision found that Mr. Lohrisch:
(a) Submitted to the Investment Dealers Association of Canada (now IIROC)
a Change of Registration Information Form which was misleading about
(b) Submitted or caused to be submitted to IIROC a document that he
forged or caused to be forged with the intent that IIROC act upon
that document as if it were the original; and
(c) Attempted to frustrate and/or obstruct IIROC's investigation into his
conduct by not responding truthfully or completely with respect to
the counts above.
IIROC found these actions to be contrary to IIROC Rule 29.1, which addresses conduct unbecoming or detrimental to the public interest. IIROC formally initiated the investigation into Mr. Lohrisch's conduct on July 6, 2009. The violations occurred in 2003 and 2009, when he was registered at the 609 Granville Street, Vancouver head office of Canaccord Financial Ltd., an IIROC-regulated firm. Mr. Lohrisch is no longer a registrant 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, email@example.com; Jeff Kehoe, Acting Vice President, Enforcement, (416) 943-6996, firstname.lastname@example.org