IIROC announces decision for David Bruce Connacher

By Staff | May 6, 2011 | Last updated on May 6, 2011
1 min read

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that David Bruce Connacher violated IIROC rules by engaging in misleading and deceptive trading, and by engaging in personal financial dealings.

Following an April 20, 2011 disciplinary hearing, the panel accepted the facts and allegations published in the Notice of Hearing. The panel’s decision and reasons on liability and penalty will be posted at www.iiroc.ca when available.

Specifically, the panel found that Connacher acted contrary to IIROC Rule 29.1 when he engaged in:

  • misleading and deceptive trading activity in relation to the average price inventory account; and
  • personal financial dealings with two of his clients without the knowledge or consent of his employer.

IIROC formally initiated the investigation into Connacher’s conduct in November, 2008. The violations occurred when Connacher was the head trader and a registered representative with Evergreen Capital Partners Inc. in Toronto. Connacher is no longer a registrant with an IIROC-regulated firm.

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