IN THE MATTER OF Patrick Larkin Belland - Settlement
MONTRÉAL,
The subject matter of the proposed Settlement Agreement concerns the allegation that:
(a) On or about March 9, 2005, the Respondent engaged in conduct unbecoming and detrimental to the public interest, contrary to IDA By-law 29.1, when he effected a transaction in securities in his brokerage account based on information received from PC, when he knew, or should have known, that such information constituted or could constitute privileged non-public information and that he could not engage in trading based on such inside information.
IIROC formally initiated the investigation into the Respondent's conduct on
The hearing is not open to the public unless and until the Settlement Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts the Settlement Agreement, 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: Carmen Crépin, Vice President, Québec, (514) 878-2854, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
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