IN THE MATTER OF Stephen Taub - Set Date
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Investment Industry Regulatory Organization of Canada (IIROC) - General NewsSep 25, 2009, 11:00 ET
The proposed hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.
The hearing concerns allegations that the Respondent:
(a) Between November 1998 and June 2003 (the "Material Time"), the Respondent engaged in conduct unbecoming contrary to Association By-law 29.1 in that he failed in his role as gatekeeper and facilitated certain trading activity for certain clients including trading activity that appeared to be or was consistent with market manipulation or deception and improper control block distributions; (b) During the Material Time, the Respondent engaged in conduct unbecoming contrary to Association By-law 29.1 in that he circumvented IDA and SEC rules by opening accounts and accepting orders from clients outside his jurisdiction of registration; (c) During the Material Time, the Respondent engaged in conduct unbecoming contrary to Association By-law 29.1 in that he provided confidential account information to, and accepted instructions from, individuals who were not the registered account holders and had no connection with the account; and (d) During the Material Time, the Respondent engaged in conduct unbecoming contrary to Association By-law 29.1 in that he misled his Member Firm with respect to the involvement in certain accounts of certain individuals.
The IDA formally initiated the investigation into the Respondent's conduct on
The hearing is open to the public, unless the Hearing Panel orders otherwise.
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in
For further information: Alex Popovic, Vice President, Enforcement, (416) 943-6904, [email protected]; Jeff Kehoe, Director, Enforcement, (416) 943-6996, [email protected]
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