The Investment Industry Regulatory Organization of Canada has fined and suspended a former registered representative with TD Waterhouse Canada Inc. for unauthorized trading in a clients account and other violations.

An IIROC hearing panel approved a settlement agreement between IIROC staff and Gary Voncina.

In the agreement, Voncina admitted that between the fall of 2005 and January 2007 he:

> made two unauthorized trades in a client’s account without the client’s authorization;
> engaged in personal financial dealings with three clients without informing his firm; and
> engaged in discretionary trading in a client’s account.

Voncina agreed to pay a $15,000 fine plus $500 in costs. He also agreed to a suspension from approval in any registered capacity with IIROC for a period of 15 months. He must re-write and pass the Conduct and Practices Handbook examination before being eligible for registration with IIROC and, upon any subsequent registration with IIROC, he must be under supervision for eight months.

IIROC began the investigation into Voncina’s conduct in February 2007. The violations occurred when he was a registered rep with TD Waterhouse in Calgary.

Voncina is no longer registered with an IIROC-regulated firm.

IE