TORONTO, Oct. 28 /CNW/ - Following a motion hearing held on September 21, 2009, in Toronto, Ontario, a Hearing Panel of the Investment Industry Regulatory Organization of Canada ("IIROC") ordered, among other procedural matters, the following in the matter of Georges Bennaroch, Linda Kent, Marjorie Ann Glover and Credifinance Securities Limited (the "Respondents"):
(a) The hearing is scheduled to commence March 15, 2010.
The proposed hearing concerns matters for which the Respondents may be disciplined as a Regulated Persons of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.
IIROC formally initiated the investigation into the Respondents' conduct in January 2004. The violations occurred when the individual Respondents were Registered Representatives with the Toronto offices of Credifinance Securities Limited, a member firm of the IDA. The respondents Georges Benarroch and Linda Kent are no longer registrants of an IIROC-regulated firm. The respondent Ann Glover is currently an IIROC registrant. Effective March 6, 2009, a Hearing Panel of IIROC ordered the suspension of the membership rights and privileges of Credifinance Securities Limited and ordered that it immediately cease dealing with the public.
The Hearing Panel issued its Decisions and Reasons on September 21, 2009. The order of March 6, 2009 is available at www.iiroc.ca.
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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