Regulatory

IIROC releases decision, penalty for Shamseer

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Savitri Shamseer violated IIROC Rules by making discretionary trades in a client account that was not a discretionary account. In its decision dated January 24, 2011, the panel also imposed a penalty calling for Ms. Shamseer to: Specifically, Ms. Shamseer […]

By Staff |February 9, 2011

1 min read

IIROC settles with Credit Suisse Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, which includes sanctions, between IIROC staff and Credit Suisse Securities (Canada) Inc. In this agreement, Credit Suisse admits that it violated the Universal Market Integrity Rules (UMIR) by failing to comply with its trading supervisory obligations. The firm […]

By Staff |February 2, 2011

2 min read

MFDA accepts settlement with Victor Lee

A settlement hearing in the matter of Victor Raymond Fook Seng Lee (the “respondent”), the former president, chief executive officer and chief compliance officer of Laurier Capital Planning Inc., was held today in Calgary, Alberta before a hearing panel of the MFDA’s Prairie Regional Council. The hearing panel accepted the settlement agreement between MFDA staff […]

By Staff |February 1, 2011

2 min read

MFDA issues reasons for decision in Fanelli, Torchia cases

A hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its reasons for decision in connection with the hearings held in Toronto, Ontario on December 3, 2010 in the matters of Domenic Fanelli (Settlement Hearing) and Michele Torchia (Hearing on the Merits). A copy of the […]

By Staff |February 1, 2011

1 min read