VANCOUVER, Jan. 30 /CNW/ - Following a disciplinary hearing held on
December 22, 2008, in Vancouver, British Columbia, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada ("IIROC") found that
Trevor Scott Morrison (the "Respondent") refused and/or failed to attend and
give information in respect of an investigation being conducted by IIROC's
Enforcement Department into his conduct while he was an approved person,
contrary to Dealer Member Rule 19.5.
The Hearing Panel imposed the following penalty against the Respondent:
(a) fine of $50,000; and
(b) permanent ban on registration in any capacity;
and required the Respondent to pay costs in the amount of $11,000.
IIROC formally initiated the investigation into the Respondent's conduct
on December 20, 2007. The violations occurred when the Respondent was a
Registered Representative with the 900-700 West Georgia Street Branch of Union
Securities Ltd. The Respondent is no longer registered in any capacity with an
IIROC Dealer Member.
The Hearing Panel issued its Decision and Reasons on January 16, 2009.
The Hearing Panel's Decision and Reasons are 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
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
For further information:
For further information: Warren Funt, Vice-President, Western Canada,
(604) 331-4750, email@example.com; Jeff Kehoe, Director, Enforcement, (416)