TORONTO, Nov. 15, 2013 /CNW/ - An appearance has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC), for the purpose of setting a date for the disciplinary
hearing in the matter of Mark Steven Rotstein.
The discipline hearing concerns allegations that Mr. Rotstein engaged in
unauthorized trading in client accounts.
The set date appearance is open to the public, unless the Hearing Panel
orders otherwise. The date for the discipline hearing will be made
available at www.iiroc.ca.
Documents related to ongoing IIROC enforcement proceedings - including
Reasons and Decisions of Hearing Panels - are posted on the IIROC
website as they become available. Click here to search and access all IIROC enforcement documents.
Set Date Appearance:
Friday, November 22, 2013 at 10:00 a.m.
IIROC British Columbia Room
121 King Street West
Specifically, the allegations are that:
In or around May and June 2012, in disregard of the Dealer Member Rules
and despite disciplinary sanctions already in place for failing to
observe high standards of ethics and engaging in business conduct that
is unbecoming and highly detrimental to the public interest, Rotstein
entered trades for at least two clients without those clients'
knowledge or authorization, contrary to IIROC Dealer Member Rule 29.1.
IIROC formally initiated the investigation into Mr. Rotstein's conduct
in July 2012. The alleged violations occurred when he was a Registered
Representative with the Rosedale branch of Scotia Capital Inc., an
IIROC-regulated firm. Mr. Rotstein is no longer a registrant with an
The Notice of Hearing which sets out the allegations is available at:
* * *
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.
IIROC investigates possible misconduct by its member firms and/or
individual registrants. It can bring disciplinary proceedings which may
result in penalties including fines, suspensions, permanent bars,
expulsion from membership, or termination of rights and privileges for
individuals and firms.
All information about disciplinary proceedings relating to current and
former member firms is available in the Enforcement section of the IIROC website. Background information regarding the
qualifications and disciplinary history, if any, of advisors currently
employed by IIROC-regulated firms is available free of charge through
the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or
marketplace-related complaints is available by calling 1 877 442-4322.
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
Vice President, Enforcement
Senior Media and Public Affairs Specialist