Enforcement Notice - Decision - IIROC Sanctions Daniel George Gordon

TORONTO, June 1, 2022 /CNW/ - On May 25, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Daniel George Gordon.

Mr. Gordon admitted that he engaged in an outside business activity without informing and without the approval of his Dealer Member and that he engaged in personal financial dealings with a  client.

Specifically,  Mr. Gordon admitted to the following violations:

(a)        Between March 2016 and March 2020, the Respondent engaged in an outside business activity without informing, and without the approval of, his Dealer Member contrary to Dealer Member Rule 18.14 and IIROC Rule 1400 (prior to September 1, 2016, Dealer Member Rule 29.1); and

(b)        Between March 2016 and March 2020, the Respondent engaged in personal financial dealings   with a client, contrary to Dealer Member Rule 43.

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

(a)         A fine in the amount of $80,000;

(b)         A prohibition of approval in any capacity for three months; and

(c)         A requirement to rewrite the CPH upon any re-registration.

Mr. Gordon also agreed to pay costs in the amount of $20,000.

The Settlement Agreement is available at:                                                                                                   

Gordon, Daniel George – Settlement Agreement 

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

IIROC formally initiated the investigation into Mr. Gordon's conduct in April 2020. The violations occurred while he was a Registered Representative with the Burlington branch of Harbourfront Wealth Management Inc., an IIROC-regulated firm. Mr. Gordon is no longer a registrant with an IIROC-regulated firm.

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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

Enforcement Contact: Andrew P. Werbowski, Director, Enforcement Litigation, 416-943-5789, [email protected]; Media Contact: Julia Mackenzie, Public Affairs Specialist, 416-786-1650, [email protected]