IN THE MATTER OF John Anastasious Collias - Penalty
(a) In or about January and February 2005, the Respondent, at all material times a Registered Representative with Golden Capital Securities Ltd. (Golden), a Member Firm, failed to properly perform his role as a gatekeeper to the capital markets and acted contrary to Regulation 1300.1(a) by failing to make diligent inquiries to ensure that he learned about the essential facts of two clients with respect to the opening of their accounts; and (b) In or about January and February 2005, the Respondent, at all material times a Registered Representative at Golden, a Member Firm, failed to properly perform his role as gatekeeper to the capital markets and acted contrary to Regulation 1300.1(a) by facilitating certain transactional activity in three client accounts without making diligent inquiries to ensure the legitimacy of the transactions in circumstances which should have called the transactional activity into question because it was peculiar, suspicious, or appeared to be consistent with market manipulation, deception, or other improper market-related activity.
The Hearing Panel issued its Decision and Reasons on
IIROC formally initiated the investigation into the Respondent's conduct on
The Hearing Panel's Decision and Reasons are 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
For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, [email protected]; Jeff Kehoe, Director, Enforcement, (416) 943-6996, [email protected]
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