Enforcement Notice - IN THE MATTER OF Nicola Carolyn More - Discipline Hearing
TORONTO, Dec. 6, 2013 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Nicola Carolyn More.
The hearing concerns allegations that Ms. More accepted instructions for trades in client accounts from someone not authorized to provide those instructions. Ms. More also disclosed client information to individuals outside her Dealer Member firm who were not authorized to receive that information.
The hearing is open to the public, unless the Panel orders otherwise. The decision of the Hearing Panel will be made available at www.iiroc.ca.
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.
|Hearing Date:||April 22-25, 2014 at 10:00 a.m.|
|Location:||Morris J. Wosk Centre|
|580 West Hastings St.|
|Specifically, the allegations are that:|
|(a)||From September 2008 to February 2009, Ms. More accepted trading instructions in respect of certain client accounts from a person not authorized in writing to provide such instructions for those accounts, contrary to IIROC Dealer Member Rule 200.1(i)(3); and|
|(b)||From September 2008 to May 2010, Ms. More disclosed client information to individuals not authorized to receive it, contrary to IIROC Dealer Member Rule 29.1|
IIROC formally initiated the investigation into Ms. More's conduct in July 2011. The alleged violations occurred when she was a Registered Representative with the Vancouver, BC branch of Canaccord Genuity Corp., an IIROC-regulated firm. Ms. More is no longer a registrant with an IIROC-regulated firm.
The Notice of Hearing which sets out the allegations is available at:
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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 1877 442-4322.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News