JOINT SETTLEMENT. RECOMMENDATION
JOINT SETTLEMENT. RECOMMENDATION
2. Staff agree to recommend settlement of the proceeding against Xxxxx in accordance with the terms and conditions of this agreement (the “Settlement Agreement”). Xxxxx consents to the making of an order against him in the form attached as Schedule “A” hereto on the basis of the facts and terms respectively set out in Parts III and V hereto.
JOINT SETTLEMENT. RECOMMENDATION
2. Staff conducted an investigation of the Respondent’s activities. The investigation disclosed that the Respondent had engaged in activity for which the Respondent could be penalized on the exercise of the discretion of the Hearing Panel pursuant to s. 24.1 of By-law No. 1.
3. Staff and the Respondent recommend settlement of the matters disclosed by the investigation in accordance with the terms and conditions set out below. The Respondent agrees to the settlement on the basis of the facts set out in Part IV herein and consents to the making of an Order in the form attached as Schedule “A”.
4. Staff and the Respondent agree that the terms of this Settlement Agreement, including the attached Schedule “A”, will be released to the public only if and when the Settlement Agreement is accepted by the Hearing Panel.
JOINT SETTLEMENT. RECOMMENDATION
4. Staff and the Respondent jointly recommend that the Hearing Panel accept this Settlement Agreement.
5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies:
6. Staff and the Respondent agree to the following terms of settlement:
a) Payment of a fine in the amount of $22,500;
b) Close supervision for 12 months; and,
c) To rewrite the CPH within 6 months.
7. The Respondent agrees to pay costs to IIROC in the sum of $1,500.
JOINT SETTLEMENT. RECOMMENDATION
4. Staff and the Respondent jointly recommend that the Hearing Panel accept this Settlement Agreement.
5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: From August 2010 to April 2011, the Respondent failed to adequately supervise Registered Representative Xxxxxx Xxxxxx, contrary to IIROC Dealer Member Rules 38.4 (a), 1300.2, and 2500.
6. Staff and the Respondent agree to the following terms of settlement:
a) Payment of a fine in the amount of $20,000 and,
b) A six month suspension from registration in a supervisory capacity.
7. The Respondent agrees to pay costs to IIROC in the sum of $3,000.
JOINT SETTLEMENT. RECOMMENDATION
4. Staff and the Respondent jointly recommend that the Hearing Panel accept this Settlement Agreement.
5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: Between February 2012 and August 2013, the Respondent failed to adequately supervise the opening of accounts at other Dealer Member firms for the purpose of obtaining allocations of new issues in circumstances that it ought to have known were improper, contrary to Dealer Member Rule 38.1.
6. Staff and the Respondent agree to the following terms of settlement:
(i) a fine of $30,000.
7. The Respondent agrees to pay costs to IIROC in the sum of $5,000.
JOINT SETTLEMENT. RECOMMENDATION
2. Staff of the Commission ("Staff”) agree to recommend settlement of the proceeding commenced by Notice of Hearing dated March 28, 2013 (the "Proceeding"), against Ovenden and NSCI according to the terms and conditions set out in Part V of this settlement agreement (the "Settlement Agreement"). Xxxxxxx and NSCI agree to the making of an order in substantially the same form attached as Schedule "A" based on the facts set out below.
JOINT SETTLEMENT. RECOMMENDATION
4. Staff and Xxxxx jointly recommend that the Hearing Panel accept this Settlement Agreement.
5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: In September 2010, Xxxxxxx Xxxxx forged client signatures on various account documentation for three clients, thereby engaging in conduct unbecoming or detrimental to the public interest, contrary to IIROC Dealer Member Rule 29.1.
6. Staff and Xxxxx agree to the following terms of settlement:
a) A fine in the amount of $15,000;
b) A suspension from registration with IIROC in any capacity for a period of 2 months; and
c) To re-write the CPH examination within 6 months upon any return to the industry.
7. Xxxxx also agrees to pay costs to IIROC in the sum of $1,000.
JOINT SETTLEMENT. RECOMMENDATION
4. Staff and the Respondents jointly recommend that the Hearing Panel accept this Settlement Agreement.
5. The Respondents admit to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies:
1. Between approximately December, 2008 and May, 2012, while the Branch Manager at Leede Financial Markets Inc., he failed to properly supervise Registered Representative Xxxxx Xxxxxxx Xxxxxxxx, contrary to IIROC Rules 38.4 (a) and 2500;
2. Between approximately July and August, 2010, he failed to report a client complaint with respect to client LZ, contrary to IIROC Rules 3100(I) and 29.1;
JOINT SETTLEMENT. RECOMMENDATION
2. Staff of the Commission ("Staff”) agree to recommend settlement of the proceeding commenced by Notice of Hearing (the "Proceeding") against NSFC and NSFII according to the terms and conditions set out in Part VI of this settlement agreement (the "Settlement Agreement"). NSFC and NSFII agree to the making of an order in substantially the same form attached as Schedule "A" based on the facts set out below.
