IN THE MATTER OF Questrade Inc. - Discipline
(a) From December 2006 to the present, advertised margin rates below those prescribed by IDA and IIROC minimum standards despite being advised by regulatory Staff not to do so and has thereby engaged in business conduct unbecoming a Member Firm or Dealer Member contrary to IDA By-law 29.1 and Dealer Member Rule 29.1; and (b) From December 2006 to the present, failed to obtain required margin from its clients as required by IDA By-law 17.11 and IIROC Dealer Member Rule 17.11 despite being advised by regulatory Staff to do so and has thereby engaged in business conduct unbecoming a Member Firm or Dealer Member contrary to Association By-law 29.1 and Dealer Member Rule 29.1.
The IDA formally initiated the investigation into the Respondent's conduct on
The Hearing Panel issued its Decision and Reasons on
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, (416) 943-6996, [email protected]
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