MONTRÉAL, Nov. 24, 2015 /CNW/ - Following an application for postponement by Mr. Azeff and Mr. Bobrow last November 17, the Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) agreed to adjourn the expedited hearing. The hearing was adjourned to December 3, 2015. The Hearing Panel's reasons for the adjournment are available at:
At the hearing on December 3, 2015, IIROC staff will request orders by virtue of IIROC Dealer Member Rule 20.43 and 20.45. Specifically, IIROC staff will apply for immediate suspension of registration for Mr. Azeff and Mr. Bobrow.
The Notice of Application filed by IIROC staff is available at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=5481B32D8CF14DA2B2A2C845D5535E8E&Language=en.
The hearing is open to the public, unless the Hearing Panel orders otherwise.
December 3, 2015 at 9:30 a.m.
2200 Mansfield Street
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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 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: Claudyne Bienvenu, Vice-President, Québec, 514 878-2854, [email protected]; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]