TORONTO, Oct. 7, 2016 /CNW/ - The decision of the Ontario Securities Commission (the "OSC") dated June 22, 2015 in the matter of Lucy Marie Pariak-Lukic was reviewed by the Ontario Superior Court of Justice - Divisional Court (the "Divisional Court") on April 13, 2016.
The Divisional Court released its decision on October 4, 2016 dismissing Ms. Pariak-Lukic's appeal of the OSC decision.
The OSC decision suspended Ms. Pariak-Lukic from approval by, or registration with, IIROC in all categories anywhere in the industry for a period of two years. This suspension of registration was imposed in addition to the original sanctions imposed by the IIROC Hearing Panel.
The decision of the Divisional Court dated October 4, 2016 is available at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=D4359F2097C2413B98948488E64D20FF&Language=en
The OSC's decision dated June 22, 2015 is available at:
The IIROC Hearing Panel's decision dated January 2, 2014 is available at:
The IIROC Hearing Panel's decision dated March 6, 2014 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: Elsa Renzella, Vice-President, Enforcement, 416 943-5877, [email protected]; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]