IIROC bans on brokers with criminal records are overturned by the securities regulator
The Ontario Securities Commission announced on Wednesday that it would consider reviewing a decision by an Investment Industry Regulatory Organization of Canada hearing panel regarding a Blackmont Capital Inc. trading officer.In a decision on March 31, the IIROC hearing panel found that Julius Caesar Philip Vitug, a trading officer, registered representative and associate portfolio manager […]
Vitug penalty hearing set for June 24
The Investment Industry Regulatory Organization of Canada has found that two registered representatives at Golden Capital Securities Ltd. failed to properly perform their roles as gatekeeper to the capital markets.Following a disciplinary hearing held on December 1-5 and 8-10, 2009, in Vancouver, an IIROC hearing panel found that:• between January and December 2004, Konstantinos Georgakopoulos […]
Recommendations to customers must be suitable, regulator says
The British Columbia Securities Commission has set aside a permanent ban that the Investment Industry Regulatory Organization of Canada (IIROC) imposed on a former registrant who failed to disclose a criminal charge in registration documents.In 2004, an IIROC panel found that Kianosh Rahmani breached two bylaws when he did not disclose that he was subject […]
New regulations are aimed at fairness for retail investors, but could be impractical
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between IIROC staff and BMO Nesbitt Burns Inc.The investment dealer admitted that In September 2007 it failed to maintain risk adjusted capital (RAC) l at a level greater than zero and was RAC deficient in the sum of $207 […]
Wolburgh Jenah calls on industry to rebuild the public trust
Service will ensure that individuals deal directly with IIROC senior staff