IN THE MATTER OF Nancy Esson - Discipline
The 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 December 2004 to April 2005 as a Registered Representative of a Member of IIROC, engaged in business conduct or practice which is unbecoming or detrimental to the public interest in that she placed herself in a conflict of interest when she became a registered shareholder of securities, of an issuer, transferred to her by her client for no apparent consideration and then sold securities of the same issuer held by the same client to several of her other clients, contrary to IIROC Rule 29.1. (b) In or about December 2004 to April 2005, as a Registered Representative of a Member of IIROC, engaged in business conduct or practice which is unbecoming or detrimental to the public interest in that she executed approximately nine unauthorized trades in the accounts of four clients contrary to IIROC Rule 29.1.
The IDA formally initiated the investigation into the Respondent's conduct on
The Notice of Hearing is available at www.iiroc.ca. The hearing is open to the public, unless the Hearing Panel orders otherwise. 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
For further information: For further information: Alex Popovic, Vice President, Enforcement, (416) 943-6904, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
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