TORONTO, Feb. 27 /CNW/ - Notice is hereby given that a hearing will be
held before a Hearing Panel of the Investment Industry Regulatory Organization
of Canada (IIROC), on Friday, March 6, 2009, at Reportex Agencies Ltd.,
located at 925 West Georgia Street, Suite 1010, Vancouver, BC, at 10:00 a.m.
or as soon thereafter as the hearing can be held, to consider whether,
pursuant to Section 20.36 of the IIROC Dealer Member Rules, the Hearing Panel
should accept a Settlement Agreement entered into between Staff of IIROC and
Dwight Allen Stirrett (the "Respondent").
The subject matter of the proposed Settlement Agreement concerns
allegations that facts were misrepresented to clients and employees of Prodigy
Wealth Management Corporation (Prodigy) in a May 31, 2007 letter which gave a
false reason for the Respondent being absent from Prodigy's office for a
period of two months during the summer of 2007; and the Respondent failed to
adequately attend to his business as a registered representative (RR) and his
supervisory duties as the Ultimate Designated Person (UDP) of Prodigy between
October 2008 and December 2008.
IIROC formally initiated the investigation into the Respondent's conduct
on November 28, 2008. It is alleged that the violations occurred when the
Respondent was an RR and UDP at Prodigy in Kelowna, BC. The Respondent is
presently an RR and UDP with Prodigy in Kelowna, BC, an IIROC-regulated firm.
The hearing is not open to the public unless and until the Settlement
Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts
the Settlement Agreement, the Hearing Panel's decision and reasons will be
made available to the public.
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
For further information:
For further information: Warren Funt, Vice-President, Western Canada,
(604) 331-4750, email@example.com; Jeff Kehoe, Director, Enforcement, (416)