VANCOUVER, Feb. 10 /CNW/ - Notice is hereby given that an appearance will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), on Tuesday, March 2, 2010, at Reportex Agencies Ltd., located at 925 West Georgia Street, Suite 1010, Vancouver, BC, at 11:00 a.m. or as soon thereafter as the appearance can be held, to set the date for a hearing in the matter of Karen Marie Young (the Respondent).
The proposed hearing concerns matters for which the Respondent may be disciplined as an Approved Person of IIROC, under Part 10 of IIROC Dealer Member Rule 20.
The hearing concerns allegations that:
(a) Between June 2004 and June 2006 (Relevant Period), while employed as
a Registered Representative by Golden Capital Securities Ltd.
(Golden Capital), a Member firm, the Respondent acted contrary to
Dealer Member Rule (Rule) 1300.1(a) by failing to learn the essential
facts relative to her client and to orders accepted in the client's
(b) During the Relevant Period, the Respondent acted contrary to Rule
29.1 by engaging in business conduct or practice which is unbecoming
or detrimental to the public interest when she failed to provide
accurate information to Golden Capital's compliance staff.
IIROC formally initiated the investigation into the Respondent's conduct on September 11, 2006. The violations occurred when the Respondent was a Registered Representative with the 1177 West Hastings Street offices of Golden Capital. The Respondent is no longer registered in any capacity with an IIROC-regulated firm.
The hearing is open to the public, unless the Hearing Panel orders otherwise.
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, email@example.com; Jeff Kehoe, Director, Enforcement, (416) 943-6996, firstname.lastname@example.org