IN THE MATTER OF Bert Griffin - Settlement



    TORONTO, Aug. 31 /CNW/ - On August 20, 2009, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) accepted a
Settlement Agreement between IIROC Staff and Bert Griffin (the "Respondent").
Pursuant to the Settlement Agreement, the Respondent admitted that:

    
    (a) On January 27, 2006, April 11, 2006 and April 21, 2006, the
        Respondent engaged in conduct that resulted in contraventions of UMIR
        5.3 and Policy 5.3 (Client Priority) for which he is liable under
        UMIR 10.3(4).

    Pursuant to the Settlement Agreement, the Hearing Panel imposed the
    following penalty against the Respondent:

    (a) A fine in the amount of $15,000;

    (b) Successful completion of the Conduct and Practices Handbook
        Examination within 6 months from the effective date of the Settlement
        Agreement;

    (c) Successful completion of the Trader Training Course Examination
        within 6 months from the effective date of the Settlement Agreement;

    and required the Respondent to pay costs in the amount of $5000.
    

    IIROC formally initiated the investigation into the Respondent's conduct
on October 4, 2007. The violations occurred when the Respondent was a
Registered Representative with Berkshire Securities Inc. The Respondent is
still within the industry in a registered capacity with Manulife Securities
Inc., an IIROC-regulated firm.
    The Hearing Panel issued its Decision orally on August 20, 2009. The
Settlement Agreement is available at www.iiroc.ca.

    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.





For further information:

For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996, jkehoe@iiroc.ca


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890