Pamela Ann Breyer permanently banned from approval



    CALGARY, Nov. 5 /CNW/ - A Hearing Panel of the Investment Dealers
Association of Canada (IDA), appointed pursuant to By-law 20, has imposed a
discipline penalty on Pamela Ann Breyer, at the material time an Approved
Person at Calgary's Water Mark Tower branch of CIBC World Markets Inc. (CIBC),
a Member of the IDA.
    On September 18, 2007, the Hearing Panel considered, reviewed, and
accepted a Settlement Agreement negotiated between staff of the IDA's
Enforcement department and Ms. Breyer. Pursuant to the Settlement Agreement,
Ms. Breyer admitted that during November 2004 to March 2005, she forged the
signatures of three other CIBC registrants on various client account
documentation, thereby engaging in conduct unbecoming or detrimental to the
public interest, contrary to By law 29.1. The investigation in this matter
arose out of a Notice of Termination and a ComSet Event report submitted by
CIBC in late April 2005. The ComSet report indicated allegations of
falsification/forgery of documents.
    In determining penalty, the Hearing Panel considered mitigating factors
that Ms. Breyer did not benefit personally; there was no evidence of any
financial or other harm to CIBC clients; Ms. Breyer was completely cooperative
with the investigation and prosecution of this matter; and most significantly,
medical evidence indicated that Ms. Breyer is unable to function in the
investment industry.
    The Panel also considered aggravating factors that forgery is always
serious; there was more than one act of forgery; the misconduct continued over
a significant period of time; and there was no apparent attempt by Ms. Breyer
to have the individuals sign the documents in question.
    For her misconduct, Ms. Breyer has been assessed a permanent ban of
approval of registration in any capacity with the IDA.
    Ms. Breyer has not been registered with an IDA Member firm since April
28, 2005.

    The Investment Dealers Association of Canada (IDA) is the national
self-regulatory organization of the securities industry. The IDA's mission is
to protect investors, foster market integrity and enhance the efficiency and
competitiveness of the Canadian capital markets. The IDA enforces rules and
regulations regarding the sales, business and financial practices of its
Member firms and their approved persons. Investigating complaints and
disciplining Members and approved persons is part of the IDA's regulatory
role.





For further information:

For further information: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or wfunt@ida.ca; Jeff Kehoe, Director, Enforcement Litigation,
(416) 943-6996 or jkehoe@ida.ca

Organization Profile

IDA

More on this organization

INVESTMENT DEALERS ASSOCIATION OF CANADA

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890