TORONTO, Feb. 2 /CNW/ - A Hearing Panel of the Investment Industry
Regulatory Organization of Canada (IIROC) has scheduled a hearing to
consider evidence and submissions in the matter of Julian Edward Pope.
The hearing concerns allegations that Mr. Pope failed in his obligations to offer priority to his own
clients on a bond offering, and failed to act fairly in that
10:00 am, March 22, 2011
JPR Meeting Rooms, 390 Bay Street, 3rd Floor, Hearing Room C
The hearing is open to the public, unless the panel orders otherwise.
The panel's decision will be made available at www.iiroc.ca.
Specifically, the allegations are that Mr. Pope:
participated personally in a bond offering through a client, thereby
failing to give priority to other client orders for the same bond
offering, contrary to IIROC Rule 29.3A; and
used non-public information about that bond offering and arranged to
have a client purchase bonds from the offering on Mr. Pope's behalf.
This conduct constitutes a failure to act fairly, honestly and in good
faith when executing and administering trades in the domestic debt
market, contrary to IIROC Rule 2800 (4.1).
The alleged violations occurred between April 4 and 7, 2008, when he was
a Registered Representative with the Toronto branch of HSBC (Canada)
Inc., an IIROC-regulated firm. IIROC began its formal investigation
into Mr. Pope's conduct in September 2008. He is currently registered
with Desjardins Securities Inc., an IIROC-regulated firm.
* * *
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 and permanent bans or
terminations 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.
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.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
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