Regulatory

AMF suit seeks $376,000 fine

The Autorité des marchés financiers (AMF) has launched penal proceedings against Hooshang Imanpoorsaid and is seeking fines totalling $376,000. The AMF alleges that Hooshang Imanpoorsaid illegally pursued activities as a securities dealer on 19 occasions and made 13 illegal distributions, mainly debt securities bearing an interest rate of as high as 18%. The AMF further […]

December 22, 2010

1 min read

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