Regulatory

IIROC reaches decision for Nott, et al

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that five employees at TD Securities Inc. violated the Universal Market Integrity Rules (UMIR) by entering artificial closing bids in 322 instances over a six-month period. The panel dismissed an allegation that TD Securities failed to comply with its trading supervision […]

By Staff |December 20, 2010

2 min read

AMF files 189 charges, seeks nearly $2.8 million in fines

The Autorité des marchés financiers (AMF) has filed penal proceedings against six individuals in connection with Centre de traitement d’information de crédit (C.T.I.C.) inc. and is seeking fines totalling $2,795,350. Specifically, the AMF has filed 127 charges against Patrick Gauthier for illegally acting as a securities dealer on 16 occasions and, on 88 occasions, aiding […]

By Staff |December 20, 2010

2 min read

MFDA accepts settlement with Zenon Smiechowski

A settlement hearing in the matter of Zenon Smiechowski was held yesterday in Vancouver, British Columbia before a Hearing Panel of the MFDA’s Pacific Regional Council. The Hearing Panel accepted the Settlement Agreement between Mr. Smiechowski and MFDA Staff, as a consequence of which Mr. Smiechowski: In the Settlement Agreement, Mr. Smiechowski admitted that: (a) […]

By Staff |December 17, 2010

2 min read

IIROC announces settlement with Alain Béland

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement, including sanctions, between IIROC Staff and Alain Béland. In the agreement, Mr. Béland admits to engaging in conduct unbecoming and detrimental to the public interest, contrary to IIROC Rule 29.1, and failing to ensure investment recommendations to his […]

By Staff |December 17, 2010

3 min read