IIROC

IIROC bans, fines Marcel Anil Rada Fallback Image Decorative pattern

Industry

IIROC bans, fines Marcel Anil Rada

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement, with sanctions that include a permanent ban on registration, between IIROC staff and Marcel Anil Rada. In the agreement, Rada admitted he violated IIROC rules through his participation in various off-book transactions without the knowledge or consent of his […]

By Staff |May 2, 2011

2 min read

IIROC fines, bans Michael Thomas Jones Fallback Image Decorative pattern

Industry

IIROC fines, bans Michael Thomas Jones

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a penalty on Michael Thomas Jones which includes a permanent ban from registration in any capacity with an IIROC-regulated firm. The panel’s decision, based on an agreed statement of facts and violations, found Mr. Jones was liable of misappropriating funds from […]

By Staff |April 28, 2011

1 min read

IIROC sets penalty against O’Neill Fallback Image Decorative pattern

Industry

IIROC sets penalty against O’Neill

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a penalty on Patrick David O’Neill which includes a fine of $775,000 and a permanent ban. The panel also ordered Mr. O’Neill to pay $104,985.06 in costs. The panel’s penalty decision follows an earlier decision which found that O’Neill misled clients […]

By Staff |April 25, 2011

2 min read

IIROC announces decision for Bryan Dale Claggett Fallback Image Decorative pattern

Industry

IIROC announces decision for Bryan Dale Claggett

A hearing panel of the Investment Industry Regulatory Organization of Canada has found that Bryan Dale Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying the client money. In its decision dated April 4, 2011, the panel dismissed a second charge which alleged that Claggett […]

By Staff |April 15, 2011

1 min read