TORONTO, Feb. 10, 2012 /CNW/ -A hearing has been scheduled before a
Hearing Panel of the Investment Industry Regulatory Organization of
Canada (IIROC), to consider whether the panel should accept a
Settlement Agreement entered into between IIROC staff and Barret
Capital Management Inc., Jamie Cohen and Idan Cohen.
The Agreement concerns violations of the Dealer Member Rules by Barret
Capital Management Inc. and the Cohens between 2009 and 2011, including
improperly using a trade allocation account, misleading numerous
clients and failing to have adequate compliance supervision.
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 the Settlement Agreement will be made
available at www.iiroc.ca. Documents related to ongoing IIROC
enforcement proceedings - including Reasons and Decisions of Hearing
Panels - are posted on the IIROC website as they become available.
Click here to search and access all IIROC enforcement documents.
Monday, February 13, 2012
JPR Meeting rooms
390 Bay Street - 3rd floor
Hearing Room C
IIROC formally initiated an investigation into the conduct of Barret
Capital Management Inc., Jamie Cohen and Idan Cohen in March 2011.
Barret Capital Management Inc. is an IIROC- regulated firm and the
Cohens are Registered Representatives with the same firm.
* * *
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.
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, permanent bars,
expulsion from membership, or termination of rights and privileges 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.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
Vice President, Enforcement
Director, Public Affairs