VANCOUVER, Sept. 15 /CNW/ - Notice is hereby given that a hearing will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), on Monday, May 3, 2010, at Hotel Le Soleil, 567 Hornby Street, Les Etoiles Room, Vancouver, BC, at 10:00 a.m. or as soon thereafter as possible, to hear evidence and submissions in the matter of Francesco Mauro and Scott Fraser Harding (the Respondents).
The hearing concerns matters for which the Respondents may be disciplined as Approved Persons of IIROC, pursuant to Section 10.5 of the Universal Market Integrity Rules.
The hearing concerns allegations that between December 13, 2006, and January 24, 2007, the Respondents, while Registered Representatives at CIBC World Markets Inc. (CIBC), a Member of the TSX Venture Exchange (TSXV), facilitated and/or executed trades on behalf of two clients for Evergreen Gaming Corporation (TNA), a listed company on the TSXV, that they knew, or ought to have known, would create, or could reasonably be expected to create, an artificial price for the security contrary to UMIR 2.2(2)(b) and UMIR Policy 2.2, for which they are liable under UMIR 10.4(1).
IIROC formally initiated the investigation into the Respondents' conduct on November 13, 2008. The violations occurred when the Respondents were Registered Representatives at the 100 Park Royal, West Vancouver Branch of CIBC. The Respondents are currently Registered Representatives at the 545 Clyde Avenue, West Vancouver Branch of Wellington West Capital Inc., an IIROC-regulated dealer member firm.
The Notice of Hearing is available at www.iiroc.ca. The hearing is open to the public, unless the Hearing Panel orders otherwise. The Hearing Panel's decision and reasons will be made available to the public.
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, Director, Enforcement, (416) 943-6996, email@example.com