TORONTO, Dec. 11, 2012 /CNW/ - The expedited hearing which was scheduled
for December 12, 2012 before a Hearing Panel of the Investment Industry
Regulatory Organization of Canada (IIROC), in the matter of Northern
Securities Inc. (Northern) has been adjourned by consent of the parties
to December 14, 2012.
At the expedited hearing, IIROC staff will be seeking orders pursuant to
Dealer Member Rules 20.41, 20.42 and 20.45.
The hearing is open to the public, unless the Hearing Panel orders
otherwise. The decision of the Hearing Panel will be made 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.
December 14, 2012 at 10:00 a.m.
IIROC - Ontario Room
121 King Street West, Suite 2000
Toronto, Ontario M5H 3T9
The Notice of Application is available at
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:
Vice President, Enforcement
Director, Enforcement Litigation