MONTRÉAL, Sept. 22, 2011 /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 Maria Celeste Silvaggio.
The proposed agreement relates to allegations that Ms. Silvaggio
misappropriated funds from three clients.
Tuesday, October 4, 2011, 11:00 a.m.
5 Place Ville-Marie, suite 1550, Montréal (Québec)
The hearing is 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.
IIROC began its investigation into Ms. Silvaggio's conduct in November
2010. The alleged violations occurred between January 2005 and December
2007, when she was a Registered Representative with the 600 De
Maisonneuve Blvd., Montreal branch of CIBC World Markets Inc., an
IIROC-regulated firm. She is no longer registered with an
* * *
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
For further information:
| For further information, please contact: |
Vice President, Québec
| Elsa Renzella |
Director, Enforcement Litigation