IN THE MATTER OF Nancy Esson - Discipline

TORONTO, Feb. 4 /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 June 8, 9 and 10, 2010 at Legal Transcript Services, located at 390 Bay Street, 11th floor, Suite 1102, Toronto, Ontario at 10:00 a.m. or as soon thereafter as possible, to hear evidence and submissions in the matter of Nancy Esson (the "Respondent").

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:

    
    (a)    In or about December 2004 to April 2005 as a Registered
           Representative of a Member of IIROC, engaged in business conduct
           or practice which is unbecoming or detrimental to the public
           interest in that she placed herself in a conflict of interest when
           she became a registered shareholder of securities, of an issuer,
           transferred to her by her client for no apparent consideration and
           then sold securities of the same issuer held by the same client to
           several of her other clients, contrary to IIROC Rule 29.1.
    (b)    In or about December 2004 to April 2005, as a Registered
           Representative of a Member of IIROC, engaged in business conduct
           or practice which is unbecoming or detrimental to the public
           interest in that she executed approximately nine unauthorized
           trades in the accounts of four clients contrary to IIROC Rule
           29.1.
    

The IDA formally initiated the investigation into the Respondent's conduct on January 23, 2006. It is alleged that the violations occurred when the Respondent was a Registered Representative with the Toronto Branch of Secutor Capital Management Corp. The Respondent is no longer a registrant with an IIROC-regulated 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: Alex Popovic, Vice President, Enforcement, (416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, jkehoe@iiroc.ca


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