IIROC

KYC failure costs advisor $27,000 Fallback Image Decorative pattern

Industry

KYC failure costs advisor $27,000

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Mary Louise Kasten-Brown. In the settlement agreement, Kasten-Brown admits she failed her know-your-client and suitability obligations when she processed the opening of accounts and facilitated private share purchases for eight clients, without […]

By Staff |July 11, 2011

1 min read

IIROC announces settlement with Mary Louise Kasten-Brown Fallback Image Decorative pattern

Industry

IIROC announces settlement with Mary Louise Kasten-Brown

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Mary Louise Kasten-Brown. In the settlement agreement, Ms. Kasten-Brown admits she failed her know-your-client and suitability obligations when she processed the opening of accounts and facilitated private share purchases for eight clients, […]

By Staff |July 8, 2011

1 min read

IIROC settles with Elizabeth Maureen Morrison Fallback Image Decorative pattern

Industry

IIROC settles with Elizabeth Maureen Morrison

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Elizabeth Maureen Morrison. With this agreement, Morrison admits that she failed in her know-your-client and suitability obligations when she facilitated investments in a private placement for approximately 179 clients, but failed to […]

By Staff |July 4, 2011

2 min read

Outside business activity fine tops $320,000 Fallback Image Decorative pattern

Industry

Outside business activity fine tops $320,000

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed its penalty against James Charles Dennis. The penalty follows the panel’s decision which found that Dennis failed to disclose certain outside business activities to his firm and its compliance staff. The penalty against Dennis includes: • A fine in the amount […]

By Staff |June 30, 2011

2 min read