VANCOUVER, Dec. 14 /CNW/ - Notice is hereby given that the Investment Industry Regulatory Organization of Canada (IIROC) is withdrawing all allegations of regulatory contravention as described in Notice No.09-0082, dated March 20, 2009, for which Robert John Oliver may have been disciplined by IIROC.
A disciplinary hearing was scheduled to commence on November 10, 2009; however, in preparation for the hearing, IIROC reviewed evidence previously unknown to IIROC and determined it was not in the public interest to continue the proceeding against Mr. Oliver. Two other Approved Persons named in the same Notice of Hearing entered into Settlement Agreements which were accepted by a Hearing Panel on November 10, 2009.
IIROC formally initiated the investigation into Mr. Oliver's conduct on January 27, 2005. Mr. Oliver is no longer registered in any capacity with an IIROC Dealer Member.
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, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416) 943-6996, email@example.com