Enforcement Notice - Hearing - In The Matter of Robert Connor - Appearance to set a hearing date

May 19, 2015, 17:19 ET from Investment Industry Regulatory Organization of Canada (IIROC) - General News

TORONTO, May 19, 2015 /CNW/ - An appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) for the purpose of setting a date for the disciplinary hearing in the matter of Robert Connor.

The discipline hearing concerns allegations that Mr. Connor made unsuitable recommendations in the accounts of two clients, compensated clients without his member firm's knowledge, made unauthorized trades and engaged in discretionary trading.

The set date appearance is open to the public, unless the Hearing Panel orders otherwise. The date for the discipline hearing 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.

Set Date Appearance:  Thursday, May 28th at 10:00 a.m.

Location:  IIROC Office, 121 King Street West, Suite 2000, Toronto, Ontario

Specifically, the allegations are that:

(a) 

During the period between March 2011 and September 2012, Mr. Connor made unsuitable recommendations in the accounts of two clients, contrary to IIROC Dealer Member Rule 1300.1 (q);



(b) 

During the period between October 2010 and August 2012, Mr. Connor compensated clients without his member firm's knowledge, contrary to IIROC Dealer Member Rule 29.1;



(c) 

During the period between October 2010 and August 2012, Mr. Connor made unauthorized trades in clients' accounts, contrary to IIROC Dealer Member Rule 29.1; and



(d) 

During the period between October 2010 and August 2012, Mr. Connor engaged in discretionary trading in client accounts, without the accounts having been accepted or approved as discretionary accounts, contrary to IIROC Dealer Member Rule 1300.4.

IIROC formally initiated the investigation into Mr. Connor's conduct in December 2012. The alleged violations occurred while he was a Registered Representative with the Barrie, Ontario branch of Scotia Capital Inc., an IIROC-regulated firm. Mr. Connor 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=C44C1B3045524EAFAF639DF1336598B0&Language=en.

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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



RELATED LINKS

http://www.iiroc.ca