MONTRÉAL, Sept. 5, 2013 /CNW/ - The decisions of a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Thi Sen Chher, dated August 12, 2011 and January 27, 2012, were reviewed on August 27, 2012.
In its decision released on July 31, 2013, the Bureau de décision et de révision (BDR):
(a) Dismisses the review application of Thi Sen Chher;
(b) Allows the decision on Thi Sen Chher's liability handed down by the IIROC Hearing Panel on August 12, 2011; and
(c) Allows the penalty decision handed down against Thi Sen Chher by the IIROC Hearing Panel on January 27, 2012.
The BDR's decision dated July 31, 2013, is available at: http://www.bdr.gouv.qc.ca/fr/decisions.aspx
The IIROC Hearing Panel's decisions dated August 12, 2011, and January 27, 2012, are available at:
Documents related to ongoing IIROC enforcement proceedings - including Reasons and Decisions of Hearing Panels - are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.
* * *
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.
IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
Vice President, Québec
Senior Media and
Public Affairs Specialist