IIROC

Raymond James fined $50,000 for supervision failure

On November 22, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between IIROC staff and Raymond James Ltd. Raymond James admitted it failed to ensure adequate supervision of the option trading in 23 client accounts of one registered representative. Specifically, Raymond James admitted to the following […]

By Staff |December 3, 2012

1 min read

Industry

Rep fined $40,000 for failed supervision

On November 9, 2012, an IIROC hearing panel accepted a settlement agreement, with sanctions, between IIROC staff and Richard Allan MacDonald.

By Staff |November 27, 2012

1 min read

Industry

Rep fined, disgorged over leveraged ETFs

Following a disciplinary hearing held on September 12, 2012, Benoît Beaulne was fined $30,000 and suspended for unsuitable sales.

By Staff |November 27, 2012

1 min read

Industry

Rep fined $110,000, suspended

On October 31, 2012, an IIROC hearing panel issued a settlement agreement, with sanctions, between IIROC staff and Ronald Lann.

By Staff |November 19, 2012

1 min read

IIROC solicits comment on third-party electronic access

IIROC has issued for comment proposed amendments to the trading rules relating to third-party electronic access to marketplaces and complementary draft guidance. Today’s proposed rule changes build on electronic trading provisions proposed by IIROC in June 2012 by providing a framework to govern three distinct types of third-party electronic access: These proposals introduce specific requirements […]

By Staff |October 26, 2012

1 min read

IIROC revamps strategic plan

The Investment Industry Regulatory Organization of Canada (IIROC) has issued its new Strategic Plan for the period 2012 – 2015. “This Plan will guide IIROC’s efforts to strengthen investor protection and stakeholder confidence in the integrity, fairness and competitiveness of Canada’s capital markets,” says Susan Wolburgh Jenah, IIROC president and CEO. IIROC developed its first […]

By Staff |August 3, 2012

1 min read

IIROC

Raymond James fined $50,000 for supervision failure

Rep fined $40,000 for failed supervision

Rep fined, disgorged over leveraged ETFs

Rep fined $110,000, suspended

IIROC solicits comment on third-party electronic access

IIROC requests comments on outsourcing guidelines

IIROC implements short sale changes

Don’t get caught in regulatory traps

IIROC wants advisors to justify comp

IIROC revamps strategic plan