MONTRÉAL, June 16, 2016 /CNW/ - On May 26, 2016, Paul David Azeff and Korin David Bobrow (the Applicants) filed a statement of appeal with the Court of Québec, Administrative and Appeal Division, District of Montreal, against the decision of the Bureau de décision et de révision (BDR) dated May 11, 2016. The BDR's decision dismissed the Applicants' application for review and upheld the conclusions of the IIROC Hearing Panel's decision rendered on February 23, 2016.
The decision of the BDR dated April 8, 2016 is available at:
The decisions of the BDR dated May 11, 2016 is available at:
IIROC's decision is available at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=87C1D457A3404613AC8F53C5D0B2F59F&Language=en.
Moreover, Mr. Azeff and Mr. Bobrow will apply to the Court of Québec, on June 20, 2016, for a stay of order of the BDR decision rendered on May 11, 2016.
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: please contact: Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec, 514 878-2854, [email protected]; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]