CALGARY, Jan. 31 /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 Todd William Stefiuk.
The proposed Settlement Agreement concerns allegations that Mr. Stefiuk
failed to disclose certain outside business activities to his firm, and
that he had clients participate in an off-book private placement.
The hearing is not open to the public unless and until the panel accepts
the Settlement 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.
February 14, 2011, 10 am
Calgary Telus Convention Centre, Room Telus 104
120 - 9 Avenue SE, Calgary, AB
IIROC began its formal investigation into Mr. Stefiuk's conduct on
February 19, 2009. The alleged violations occurred when he was a
Registered Representative with the Calgary branch of MGI Securities
Inc., an IIROC-regulated firm. Mr. Stefiuk is no longer registered with
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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