Enforcement Notice Hearing - IN THE MATTER of Milad Nassif - Discipline Hearing

Jul 18, 2014, 15:00 ET from Investment Industry Regulatory Organization of Canada (IIROC) - General News

MONTREAL, July 18, 2014 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Milad Nassif.

The hearing concerns the allegation that Mr. Nassif, between September 2010 and December 2011, failed to use due diligence to ensure that the acceptance of orders, in his account and those of his spouse and his son, were within the bounds of good business practice.

The hearing is open to the public, unless the Hearing Panel orders otherwise. The decision of the Hearing Panel will be made available at www.iiroc.ca.

Hearing Dates:    

September 3, 4, 5, 10, 11 and 12, 2014, at 9:30 a.m.


The Queen Elizabeth – Ramezay Room

900 René-Lévesque Blvd. W.

Montréal, Québec

Specifically, the allegation is that:

(a)    Between September 2010 and December 2011, Mr. Nassif failed to use due diligence to ensure that the acceptance of orders in his account, and in those of his wife and his son, was within the bounds of good business practice, contrary to IIROC Rule 1300.1(o).

IIROC formally initiated the investigation into Mr. Nassif's conduct in May 2012. The alleged violation occurred when Mr. Nassif was a Registered Representative at the Montréal branch of CTI Capital Securities Inc., an IIROC-regulated firm.  Mr. Nassif is no longer a registrant with an IIROC-regulated firm.

The Notice of Hearing which sets out the allegations is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=A9AE16CCD0A34C78B1022A4B621EB737&Language=en.

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