TORONTO, Feb. 12 /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 April 8, 2010 at the IIROC office, located at 121 King Street West, Suite 1600, Boardroom 1, Toronto, ON, at 10:00 a.m. or as soon thereafter as the appearance can be held, to set the date for a hearing in the matter of Krista Dettelbach (the "Respondent").
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 hearing concerns allegations that the Respondent:
1. From or about February to July 2008, Dettelbach, as an Investment
Representative of a Member of IIROC, engaged in business conduct or
practice which is unbecoming or detrimental to the public interest in
that she misappropriated funds by improperly transacting
approximately 50 cancel and correct orders, without instructions,
resulting in a benefit to two clients, and a detriment to
approximately 15 other clients, at her member firm employer, contrary
to IIROC Rule 29.1; and
2. In or about November 2009, Dettelbach, as an Investment
Representative of a Member of IIROC, failed to co-operate with IIROC
in that she failed to attend at a properly constituted IIROC
interview, contrary to IIROC Rule 19.5.
IIROC formally initiated the investigation into the Respondent's conduct on July 23, 2008. The violations occurred when the Respondent was an Investment Representative with the Toronto Branch of RBC Dominion Securities Inc. 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: Alex Popovic, Vice President, Enforcement, (416) 943-6904, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, email@example.com