IN THE MATTER OF John Donnelly - Discipline
The 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 hearing concerns allegations that the Respondent:
1. In or about May 2004 to March 2005, the Respondent, at all material times the Branch Manager of a Member of IIROC, failed to adequately supervise the client account opening and activities, and to maintain adequate supervision records of effective supervision, of two Registered Representatives, in relation to approximately 60 client accounts, contrary to Association Regulation 1300.2 and Policy No. 2 (now IIROC Rules 1300.2 and 2500).
The IDA formally initiated the investigation into the Respondent's conduct on
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. The Notice of Hearing 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
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, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
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