Enforcement Notice - Decision - 22-0057 - IIROC Sanctions Former Calgary Advisor Jeffrey Brian Ber

CALGARY, AB, April 13, 2022 /CNW/ - On March 30, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Jeffrey Brian Ber.

Mr. Ber admitted that he received an off book payment from an issuer without the approval of his Dealer Member, contrary to Consolidated Rule 1400.

Pursuant to the Settlement Agreement, Mr. Ber agreed to the following penalty:

a)      A fine in the amount of $70,000; and

b)      A three year suspension from registration in any capacity with IIROC.

Mr. Ber also agreed to pay costs in the amount of $5,000.

The Settlement Agreement is available at:                                                                                                   

Ber, Jeffrey – Settlement Agreement

The Hearing Panel's decision will be made available at www.iiroc.ca.

IIROC formally initiated the investigation into Mr. Ber's conduct in June 2017. The conduct occurred while he was a Registered Representative with the Calgary branch of TD Waterhouse Canada Inc., an IIROC-regulated firm. Mr. Ber is no longer a registrant with an IIROC-regulated firm.

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.

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.

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information, please contact: Enforcement Contact: Richard Korble, Vice President, Western Canada, 403-260-6278, [email protected]; Media Contact: Julia Mackenzie, Public Affairs Specialist, 416-786-1650, [email protected]