Enforcement Notice Decision - IN THE MATTER OF Barret Capital Management Inc. - Expedited Hearing

TORONTO, Jan. 16, 2012 /CNW/ - An Expedited Hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Barret Capital Management Inc.

At the Expedited Hearing, IIROC staff will be seeking orders pursuant to Dealer Member Rules 20.42 and 20.45. In particular, IIROC staff will be seeking, among other things, an order for the immediate suspension of Barret's membership and a termination of its membership within 30 days of the order. The grounds for IIROC staff's application are set out in the Notice of Application dated January 10, 2012.

The Expedited Hearing is open to the public, unless the panel orders otherwise.

Expedited Hearing:  January 17, 2012 at 10:00 am
Location:    JPR Meeting Rooms
  390 Bay Street, Third Floor, Hearing Room C, Toronto, ON

IIROC formally initiated an investigation into the conduct of Barret Capital Management Inc. in March 2011.

The Notice of Application is available at   http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=3DE17909481D426C8407F243DD6DCCEC&Language=en.

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.

IIROC Notice 12-0014 Enforcement Notice/News Release - IN THE MATTER OF Barret Capital Management Inc. - Expedited Hearing  

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information:

Enforcement Contact: 

Jeff Kehoe
Vice-President, Enforcement
  Media Contact: 

David Thomas
Director, Public Affairs
416 943-6921


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