TORONTO, Oct. 15 /CNW/ - Following an appearance on September 28, 2009, in Toronto, Ontario, a Hearing Panel of the Investment Industry Regulatory Organization of Canada ("IIROC") ordered the following in the matter of David Francis Shep (the "Respondent"):
(a) The hearing in this matter will proceed on February 22, 2010 to
March 5, 2010.
The proposed hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.
The IDA formally initiated the investigation into the Respondent's conduct on August 12, 2004. It is alleged that the violations occurred when the Respondent was a Registered Representative with the Toronto Branch of Desjardins Securities Inc. The Respondent is no longer a registrant with an IIROC-regulated firm.
The Hearing Panel issued its Decision and Reasons orally on September 28, 2009.
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
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