CALGARY, Feb. 24 /CNW/ - A Hearing Panel of the Investment Industry
Regulatory Organization of Canada (IIROC) has scheduled a hearing to
consider whether the panel should accept a Settlement Agreement between
IIROC staff and Mary Louise Kasten-Brown.
The proposed Settlement Agreement concerns allegations that Ms.
Kasten-Brown failed to fulfill her know-your-client and suitability
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 Settlement
Agreement, will be made available at www.iiroc.ca. This settlement hearing is scheduled to take place on a date
originally set for a disciplinary hearing involving the same parties.
10:00 a.m. March 2, 2011
Calgary TELUS Convention Centre
120-9th Avenue South East
TELUS 104 Room
IIROC began investigating Ms. Kasten-Brown's conduct on February 25,
2008, after receiving a referral from the Alberta Securities Commission
about a client complaint. The alleged violations occurred between
January 2005 and March 2006 while she was a Registered Representative
with Octagon Capital Corporation, an IIROC-regulated firm. She is
currently employed at Global Maxfin Capital Inc., an IIROC-regulated
* * *
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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