CALGARY, May 12 /CNW/ - A Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC) has scheduled a hearing to consider whether to accept a
Settlement Agreement between IIROC staff and Randall Glen Bergh.
The proposed agreement concerns allegations that Mr. Bergh failed to
adequately perform his supervisory duties when he approved the opening
of a number of new client accounts.
The hearing is not 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 Settlement Agreement,
will be made available at www.iiroc.ca.
May 19, 2011 at 11:00 am
Calgary Telus Convention Centre
120 - 9 Avenue SE
Room: Telus 104
IIROC began the investigation into Mr. Bergh's conduct in September
2010. The alleged violations occurred when he was the branch manager at
the Calgary branch of Blackmont Capital Inc., now known as Macquarie
Private Wealth Inc. Mr. Bergh is presently a Registered Representative
with the Calgary branch of Macquarie Private Wealth Inc., an
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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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