TORONTO, Oct. 19 /CNW/ - The parties to this matter attended a hearing on March 5, 2009, in Toronto, Ontario to set a date for a contested discipline hearing before a Hearing Panel of the Investment Industry Regulatory Organization of Canada ("IIROC"). The Panel heard submissions from counsel and reserved its decision until May 4, 2009. It ordered, among other procedural matters, the following:
1) The discipline hearing will commence on January 25, 2010.
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.
IDA formally initiated the investigation into the Respondent's conduct on October 17, 2005. It is alleged that the violations occurred when the Respondent was a Branch Manager with the Toronto Branch of Blackmont Capital Inc. The Respondent is still within the industry in a registered capacity with Raymond James Ltd., an IIROC-regulated firm.
The Hearing Panel issued its Decision on May 4, 2009. The Hearing Panel's Decision and Reasons are 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
For further information: For further information: Alex Popovic, Vice President, Enforcement, (416) 943-6904, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416) 943-6996, email@example.com