From the Wires
IN THE MATTER OF Peter Michael Deeb - Discipline decision - Liability
By: PR Newswire
Nov. 23, 2012 10:16 AM
TORONTO, Nov. 23, 2012 /CNW/ - Following a disciplinary hearing held between September 24 and November 12, 2012, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) found that Peter Michael Deeb contravened certain IIROC Dealer Member Rules, as set out below. The Hearing Panel dismissed other allegations, also set out below.
The Hearing Panel's written reasons will follow. Specifically, the Hearing Panel found that Mr. Deeb committed the following violations:
The panel dismissed the following allegations:
A penalty hearing will be scheduled to determine the penalty to be imposed on Mr. Deeb. The date will be made available at www.iiroc.ca.
Documents related to ongoing IIROC enforcement proceedings - including Reasons and Decisions of Hearing Panels - are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.
IIROC formally initiated the investigation into Mr. Deeb's conduct in December 2009. The violations occurred when he was a Registered Representative and Ultimate Designated Person with Hampton Securities Ltd., an IIROC-regulated firm. Mr. Deeb continues to be a Registered Representative and Ultimate Designated Person at Hampton Securities Ltd.
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IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.
IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.
IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1.877.442.4322.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
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