Enforcement Notice - Hearing - 23-0059 - New SRO to Hold a Settlement Hearing for Martin Danielak

VANCOUVER, BC, April 21, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Investment Dealer Division of the New Self-Regulatory Organization of Canada (New SRO) to consider whether the panel should accept a Settlement Agreement entered into between Enforcement Staff and Martin Danielak.

The Agreement concerns conduct involving entering orders that he ought reasonably to have known would create, or could reasonably be expected to create, a false or misleading appearance of trading activity or interest in the purchase or sale of the security and failing to comply with his Dealer Member's policies and procedures.

The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Hearing Date: The hearing will be held by way of videoconference on May 10, 2023 at 10:00 a.m. MST

The Notice of Application announcing the settlement hearing is available at:

Danielak, Martin – Notice of Application

The Investment Dealer Division formally initiated the investigation into Mr. Danielak's conduct in June 2020. The conduct occurred while the respondent was a Registered Representative with the Calgary branch of Richardson Wealth Limited, at the time an IIROC-regulated firm. The Respondent is still within the industry in a registered capacity, at the Vancouver branch of Raymond James Ltd.

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 New SRO-regulated firms (Investment Dealer Division) is available free of charge through the AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

New SRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

New Self-Regulatory Organization of Canada (New SRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA), and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit www.newselfregulatoryorganizationofcanada.ca.

SOURCE New Self-Regulatory Organization of Canada (New SRO)

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]