VANCOUVER, Jan. 12 /CNW/ - A Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC) has scheduled a hearing to determine whether it should
accept a Settlement Agreement between IIROC staff and Credit Suisse
Securities (Canada) Inc.
The agreement concerns an allegation that from June 2007 to December
2007, Credit Suisse failed to comply with its trading supervisory
obligations, contrary to UMIR 7.1(1) and UMIR Policy 7.1.
The hearing will not be open to the public, but will become open in the
event the panel accepts the agreement. If the agreement is accepted,
the panel's decision and reasons, together with the agreement, will be
made available at www.iiroc.ca.
January 21, 2011, 10 am
IIROC, 145 King Street West, Suite 900, Toronto, ON - Main Room
IIROC began its formal investigation into the conduct of Credit Suisse
Securities (Canada) Inc. on November 13, 2008. Credit Suisse is
currently an IIROC-regulated firm.
* * *
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 and permanent bans or
terminations 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 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.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
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