TORONTO, March 5 /CNW/ - Notice is hereby given that a hearing will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), on March 25, 2010 at Delta New Brunswick, located at 39 King Street, Saint John, New Brunswick, at 10:00 a.m. or as soon thereafter as the hearing can be held, to consider whether, pursuant to section 20.36 of IIROC Dealer Member Rule, the Hearing Panel should accept a Settlement Agreement entered into between IIROC Staff and Robert Bardsley (the "Respondent").
The subject matter of the proposed Settlement Agreement concerns allegations that:
(a) From 2005 to 2008, the Respondent conducted his business consistent
with the registration of a Portfolio Manager without being duly
registered, contrary to IDA By-law 29.1 and Dealer Member Rule 29.1;
(b) On or about December 17, 2008, the Respondent made revisions, at the
client's request, to a client complaint letter, which was provided
to the Member firm, contrary to Dealer Member Rule 29.1.
IIROC formally initiated the investigation into the Respondent's conduct on August 25, 2008. The violations occurred when the Respondent was a Registered Representative with the Fredericton Branch of BMO Nesbitt Burns Inc. The Respondent is no longer a registrant with an IIROC-regulated firm.
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 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 Litigation, (416) 943-6996, email@example.com