Enforcement Notice - Hearing - IN THE MATTER OF James Frederick Norman Mackie and Tricia Joanne Leadbeater - Settlement Hearing

CALGARY, Oct. 1, 2015 /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 James Frederick Norman Mackie and Tricia Joanne Leadbeater.

The Agreement concerns conduct that Mr. Mackie recommended and accepted orders for 14 clients in a public offering of securities without disclosing a conflict of interest and that Ms. Leadbeater used discretionary authority to purchase securities for seven managed account clients without disclosing a conflict of interest.  In addition, she failed to obtain written consent from the managed account clients prior to participating in a public offering of securities in which her firm was acting as underwriter.

The hearing is not open to the public, but will become open in the event that 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.

Hearing Date:       

October 9, 2015 at 10:00 a.m.


Bow Valley Square Conference Centre

3rd Floor – Hamilton Room

#300, 205 – 5th Avenue SW

Calgary, AB

IIROC formally initiated the investigation in October 2013.  The conduct occurred while Mr. Mackie was a Registered Representative and Ms. Leadbeater was a Registered Representative, Portfolio Manager, and a Supervisor with the Calgary branch of Mackie Research Capital Corporation, an IIROC-regulated firm.  Mr. Mackie is currently working at Richardson GMP Limited as a Registered Representative and Portfolio Manager.  Ms. Leadbeater is currently working at Richardson GMP Limited as a Registered Representative and Portfolio Manager.

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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: Enforcement Contact: Warren Funt, Vice President, Western Canada, 604 331-4750, wfunt@iiroc.ca; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, karcher@iiroc.ca


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