Enforcement Notice - IN THE MATTER OF Robert Graydon Oldfield - Settlement Accepted

TORONTO, June 27, 2016 /CNW/ -  On May 25, 2016, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Robert Graydon Oldfield.

Mr. Oldfield admitted that he failed to supervise Registered Representative Robert Connor.

Specifically, Mr. Oldfield admitted to the following violation:


From August 2010 to April 2011, Mr. Oldfield failed to adequately supervise Registered Representative Robert Connor, contrary to IIROC Dealer Member Rules 38.4 (a), 1300.2, and 2500.


Pursuant to the Settlement Agreement, Mr. Oldfield agreed to the following penalties:


Payment of a fine in the amount of $20,000; and


A six-month suspension from registration in a supervisory capacity.


Mr. Oldfield also agreed to pay costs in the amount of $3,000.

The Settlement Agreement is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=DDB2E08D87F24400B42D8A44C3E7815A&Language=en    

The Hearing Panel's decision 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.

IIROC formally initiated the investigation into Mr. Oldfield's conduct in February 2013. The conduct occurred while he was a Branch Manager with a Barrie, Ontario branch of Scotia Capital Inc., an IIROC-regulated firm. Mr. Oldfield is no longer a Supervisor but is currently an IIROC registrant at Scotia Capital Inc.     

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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, erenzella@iiroc.ca; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, karcher@iiroc.ca


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