Enforcement Notice - Hearing - IIROC to Hold Settlement Hearing for Burlington Investment Advisor Bonnie Wyatt

BURLINGTON, ON, April 1, 2021 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) has scheduled a hearing to consider whether a Settlement Agreement entered into between IIROC staff and Bonnie Wyatt should be accepted.

The Agreement concerns allegations that Ms. Wyatt failed to comply with her employer's policies and procedures by facilitating new investment loans for clients. She also failed to ensure that some clients had accurate information on their know your client documentation.

The hearing is not open to the public, but will become open if and when the Panel accepts the agreement. Members of the public who would like to attend the hearing may contact IIROC's National Hearing Coordinator at [email protected] in advance of the hearing to obtain further details. If the agreement is accepted, the Reasons for  Decision and the Settlement Agreement will be made available at www.iiroc.ca.

Hearing Date:  The hearing will be held by videoconference on Friday April 9, 2021 at 10:00 a.m.

IIROC formally initiated the investigation into Ms. Wyatt's conduct in June 2019. The conduct occurred while she was a Registered Representative with the Burlington branch of Global Maxfin Capital Inc., which is no longer an IIROC-regulated firm. Ms. Wyatt is currently a Registered Representative with Integral Wealth Securities Limited, an IIROC-regulated firm.

The Notice of Motion announcing the settlement hearing is available at: http://www.iiroc.ca/documents/2021/820f4cc5-606f-464a-b7a4-c76a13747403_en.pdf

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 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 175 Canadian investment dealer firms of varying sizes and business models, and their more than 30,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and 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

Enforcement Contact: Charles Corlett, VP, Enforcement, 416 646-7253, [email protected]; Media Contact: Evelyn Tchakarov, Public Affairs Specialist, [email protected]

Related Links

www.iiroc.ca