VANCOUVER, June 1, 2012 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Gurpreet Pawar.
The hearing concerns an allegation Mr. Pawar acted contrary to Dealer Member Rule 29.1 by misappropriating approximately $95,000 from four individuals.
The hearing is open to the public, unless the panel orders otherwise. The decision of the panel will be made available at www.iiroc.ca.
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.
|Hearing Date:||10:00 a.m., October 23-24, 2012|
|| Reportex Agencies Ltd., 925 West Georgia Street, Suite 1010
Specifically, the allegation is from December 2009 to February 2010, Mr. Pawar acted contrary to Dealer Member Rule 29.1 by misappropriating approximately $95,000 from four individuals.
IIROC formally initiated the investigation into Mr. Pawar's conduct in November 2010. The alleged violations occurred when he was a Registered Representative with the Vancouver branch of Credential Securities Inc., an IIROC-regulated firm. Mr. Pawar is no longer a registrant with an IIROC-regulated firm.
The Notice of Hearing which sets out the allegation 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.
For further information:
Vice President, Western Canada
Director, Public Affairs