IN THE MATTER OF Sarkis Sarkissian - Penalty
MONTRÉAL,
The hearing concerns matters for which the Respondent may be disciplined as a Registrant of the IDA, pursuant to IIROC Dealer Member Rule 20.
The sanctions to be imposed pertain to findings that the Respondent has been found guilty of Counts 1 to 44, which, for purposes of this notice, have been grouped as follows:
------------------------------------------------------------------------- Counts 1 to 5 Failure to learn and remain informed of the essential facts relative to his clients ------------------------------------------------------------------------- Counts 6 to 13 Transactions not permitted under the terms of the and 23 to 39 approval granted by IIROC to the Respondent as a registered representative (mutual funds) ------------------------------------------------------------------------- Counts 14 to 17 Failure to use due diligence when accepting instructions given by an agent ------------------------------------------------------------------------- Counts 18 to 22 Participation in a scheme and 40 ------------------------------------------------------------------------- Counts 41 and 42 Off-book transactions not recorded in the books of iForum ------------------------------------------------------------------------- Counts 43 and 44 Failure to provide the information required by IIROC -------------------------------------------------------------------------
IIROC initiated the investigation into the Respondent's conduct in
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: Carmen Crépin, Vice President, Québec, (514) 878-2854, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
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