TORONTO, Feb. 18 /CNW/ - Notice is hereby given that an appearance will
be held before a Hearing Panel of the Investment Industry Regulatory
Organization of Canada (IIROC), on Thursday, March 5, 2009 at 121 King Street
West, Suite 1600, Toronto, Ontario, at 10:00 a.m. or as soon thereafter as the
appearance can be held, to set the date for a disciplinary hearing in the
matter of John Donnelly (the "Respondent").
The proposed hearing concerns matters for which the Respondent may be
disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC
Dealer Member Rule 20.
The hearing concerns allegations that the Respondent:
(a) In or about May 2004 to March 2005, the Respondent, at all material
times the Branch Manager of a Member of IIROC, failed to adequately
supervise the client account opening and activities, and to maintain
adequate supervision records of effective supervision, of two
Registered Representatives, in relation to approximately 60 client
accounts, contrary to Association Regulation 1300.2 and Policy No. 2
(now IIROC Rules 1300.2 and 2500).
IIROC formally initiated the investigation into the Respondent's conduct
on May 26, 2005. It is alleged that the violations occurred when the
Respondent was a Branch Manager with the Blackmont Capital Inc. branch of the
Toronto office. The Respondent is currently a registrant with Raymond James
Ltd., an IIROC regulated firm.
The hearing is open to the public, unless the Hearing Panel orders
otherwise. The Notice of Hearing 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
For further information:
For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416)