The Investment Dealers Association of Canada has set the date for Roger Rambhajan to appear before a diciplinary panel of the Ontario District Council of the IDA.

The IDA alleges that while a registered representative at Rampart Securities Inc. (formerly Merit Investment Corporation), Rambhajan prepared and filed documentation to have the accounts of certain clients guarantee the accounts of certain third-party acquaintances of his, without the knowledge or consent of the guarantor clients.

The Enforcement department of the IDA alleges that Rambhajan forged the signatures of the guarantor clients on a number of occasions.

It also alleges that Rambhajan engaged in unauthorized trading in the accounts of certain clients, and then diverted mail intended for those clients in order to conceal this activity.

Finally, it also alleges that, on one occasion, Rambhajan forged trade confirmation slips and presented them to a client in order to create the impression that trades requested by the client had been executed when this was not the case.

The hearing is scheduled to commence at 09:30 ET on Wednesday, October 31, at the offices of the Investment Dealers Association of Canada in Toronto.