WINNIPEG, Dec. 7, 2018 /CNW/ - A discipline hearing scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Edward Peter Bodnarchuk from January 10-11, 2019 has been cancelled and the allegation withdrawn.
The hearing concerned an allegation of personal financial dealings with a client. In a decision dated May 2, 2018, IIROC Staff's motion to amend the Notice of Hearing and Statement of Allegations in a related proceeding to include the allegation of personal financial dealings was denied and a separate hearing scheduled. https://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=4A22729B60F446529D1F370F2FD10009&Language=en
In the related proceeding, Mr. Bodnarchuk was found to have failed to know two of his clients, made unsuitable recommendations, engaged in discretionary trading, and engaged in conduct that was unbecoming.
An IIROC Hearing Panel imposed penalties on Mr. Bodnarchuk, including a $100,000 fine and an 18-month suspension. http://www.iiroc.ca/Documents/2018/7eab12ea-c6b9-4fb7-aa47-dc15eb9a0d1d_en.pdf
Mr. Bodnarchuk is no longer a registrant with an IIROC- regulated firm.
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.
IIROC is the national self-regulatory organization that 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 debt and 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
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