Enforcement Notice - IN THE MATTER OF John Donnelly - Discipline Hearing

TORONTO, March 2, 2016 /CNW/ - Following a Set Date hearing held on February 3, 2016, a hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of John Donnelly.

The hearing concerns allegations that Mr. Donnelly as Branch Manager failed to adequately supervise the activities of a Registered Representative in relation to a client's accounts.

The hearing is open to the public, unless the Panel orders otherwise. The decision of the Hearing Panel 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 Dates:

June 8, 9, 10 and 13, 14, 15, and 16, 2016


IIROC – Quebec Room, 20th Floor

121 King Street West,

Toronto, ON

Specifically, the allegation is that:


From May to November 2010, Mr. Donnelly as Branch Manager failed to adequately supervise a Registered Representative and the accounts of a client, contrary to IIROC Dealer Member Rules 1300.2 and 2500.

IIROC formally initiated the investigation into Mr. Donnelly's conduct in March 2013. The conduct occurred while he was employed as a Branch Manager with a Toronto Branch of Raymond James Ltd., an IIROC-regulated firm.  Mr. Donnelly is still employed as a Registered Representative at the same branch of Raymond James Ltd.

The Notice of Hearing which sets out the allegations is available at:

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 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: Elsa Renzella, Vice-President, Enforcement, 416 943-5877, erenzella@iiroc.ca; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, karcher@iiroc.ca


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