IN THE MATTER OF Wayne White - Set Date



    TORONTO, Sept. 10 /CNW/ - Notice is hereby given that an appearance will
be held before a Hearing Panel of Investment Industry Regulatory Organization
of Canada (IIROC), on Thursday, October 1, 2009 at the IIROC Toronto office,
located at 121 King Street West, Suite 1600, Toronto, Ontario, at 10:00 am or
as soon thereafter as the appearance can be held, to set the date for a
disciplinary hearing in the matter of Wayne White (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:

    (a) During the period 2002 and 2004, inclusive, the Respondent
        participated and permitted, facilitated and/or solicited some of his
        clients' participation in various private placements, such
        transactions being conducted off the books and records and without
        the knowledge or consent of his employer Member firm, thereby
        engaging in conduct unbecoming or detrimental to the public interest,
        contrary to IDA By-law 29.1 (now Dealer Member Rule 29.1);

    (b) In or about January 2004, the Respondent permitted, facilitated
        and/or solicited his clients' participation in a private placement
        offering in a manner which he knew or ought to have known was not in
        compliance with the provisions of the Securities Act, R.S.O 1990, c.
        S.5, as amended, thereby engaging in business conduct or practice
        which is unbecoming or detrimental to the public interest, contrary
        to IDA By-law 29.1 (now Dealer Member Rule 29.1);

    (c) In or about January 2004, the Respondent engaged in personal
        financial dealings with clients when he participated in a private
        placement distribution with a group of his clients through the use of
        another client who acted as trustee on their behalf, without the
        knowledge or consent of his employer Member firm, thereby engaging in
        conduct unbecoming or detrimental to the public interest, contrary to
        IDA By-law 29.1 (now Dealer Member Rule 29.1); and

    (d) During the approximate period between 2002 and 2004, the Respondent
        received, directly or indirectly, remuneration, benefit or any other
        consideration from a third-party for his facilitation of,
        solicitation of or any other acts in furtherance of his and his
        clients' investments in various private placements, without his
        employer Member firm's knowledge or consent, contrary to IDA By-law
        18.15 (now Dealer Member Rule 18.15).
    

    The IDA formally initiated the investigation into the Respondent's
conduct on September 19, 2005. It is alleged that the violations occurred when
the Respondent was a Registered Representative Options (Retail) with the
downtown Toronto branch office of HSBC Securities (Canada) Inc. The Respondent
is currently registered as a Registered Representative Options (Retail) at the
Toronto Head office of Brant Securities Limited, 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.





For further information:

For further information: Alex Popovic, Vice President, Enforcement,
(416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996, jkehoe@iiroc.ca


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