IN THE MATTER OF Ross Ewaniuk - Set Date
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. The hearing concerns allegations:
(a) Between 2004 and 2006, while employed as a Registered Representative (RR) at the Calgary office of Northern Securities Inc., a Member firm, the Respondent failed to perform his role as gatekeeper to the capital markets and/or engaged in business conduct or practice, contrary to Association By-law 29.1. and/or Regulation 1300.1, by facilitating and participating in certain transactional activity involving any, or all, of three (3) US companies, Pink Sheet or OTCBB traded securities (the Securities), in four (4) client accounts and the Respondent's corporate investment account, in circumstances which a reasonably diligent RR would have determined to be suspicious and/or deserving of further inquiry as to whether: (i) the Securities were eligible for distribution by the seller or transferor and/or eligible for purchase or receipt by the clients' and the Respondent's corporate investment accounts, in accordance with the Alberta Securities Act and/or the British Columbia Securities Act or the securities laws of any other applicable jurisdiction; (ii) the Securities were eligible for sale into the market from the clients' and the Respondent's corporate investment accounts, in accordance with the Alberta Securities Act and/or the British Columbia Securities Act or the securities laws of any other applicable jurisdiction; and (iii) the Securities were a legitimate investment and the receipt and sale of the Securities in the clients' accounts was in the best interests and suitable for the clients. (b) Between 2004 and 2006, while employed as a Registered Representative at the Calgary office of Northern Securities Inc., (NSI) a Member firm, the Respondent failed to observe high standards of ethics or conduct in the transaction of his business and/or engaged in business conduct or practice, contrary to Association By-law 29.1, in that he engaged in personal financial dealings with two (2) clients without disclosure to and approval of the Member firm NSI. (c) Between 2004 and 2006, while employed as a Registered Representative at the Calgary office of Northern Securities Inc., a Member firm, the Respondent failed to observe high standards of ethics or conduct in the transaction of his business and/or engaged in business conduct or practice, contrary to Association By-law 29.1, in that he provided or authorized the provision of a document to NSI purportedly evidencing payment for shares in circumstances where he knew or ought to have known that the document was non-genuine.
The IDA formally initiated the investigation into the Respondent's conduct on
The hearing is open to the public, unless the Hearing Panel orders otherwise.
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in
For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, [email protected]; Jeff Kehoe, Director, Enforcement, (416) 943-6996, [email protected]
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