MONTRÉAL, June 16, 2016 /CNW/ - The decision of the IIROC Hearing Panel dated February 23, 2016, ordering the immediate suspension of Paul David Azeff and Korin David Bobrow, was the subject of an application for review before the Bureau de décision et de révision (the Bureau) on April 11, 2016.
In its decision rendered on May 11, 2016, the Bureau:
dismisses the conclusions sought by the application for review of the IIROC Hearing Panel's decision of February 23, 2016, filed by the applicants Paul David Azeff and Korin David Bobrow; and
upholds the conclusions of the IIROC Hearing Panel's decision of February 23, 2016, rendered against the applicants Paul David Azeff and Korin David Bobrow;
The Bureau's decision dated May 11, 2016 is available at: http://citoyens.soquij.qc.ca/php/ti.php?ID=310AE163BE395DC037BB51604DD3385A&page=1&format=doa.
The Bureau's decision on the motion for a stay of sanction dated April 8, 2016, is available at: http://citoyens.soquij.qc.ca/php/decision.php?ID=6E2FEA41768B07D4E502D802E97D1BA2.
The IIROC Hearing Panel's decision dated February 23, 2016 is available at:
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.
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IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian 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: Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec, 514 878-2854, [email protected]; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]