Enforcement Notice - Decision - In the matter of Lucy Marie Pariak-Lukic - Hearing and Review Decision

Jul 06, 2015, 15:34 ET from Investment Industry Regulatory Organization of Canada (IIROC) - General News

TORONTO, July 6, 2015 /CNW/ - The decisions of a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Lucy Marie Pariak-Lukic dated January 2, 2014 and March 6, 2014 were reviewed by the Ontario Securities Commission (OSC) on January 15, 2015.

The OSC released its decision on June 22, 2015 allowing IIROC Staff's application for a hearing and review of the IIROC decisions requesting that a period of suspension be imposed on Ms. Pariak-Lukic's registration status. In its decision, the OSC concluded that it was in the public interest to impose a suspension and made the following Order:

Lucy Marie Pariak-Lukic shall be suspended for two years from approval by, or registration with, IIROC in all categories anywhere in the industry, commencing 14 days after the date of this order.

This suspension of registration is imposed in addition to the original sanctions imposed by the IIROC Hearing Panel.

The OSC's decision is available at:

The IIROC Hearing Panel's decision dated January 2, 2014 is available at:

The IIROC Hearing Panel's decision dated March 6, 2014 is available at:

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.

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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 1 877 442-4322.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News