Enforcement Notice - Hearing - IIROC to Hold Protective Order Hearing In the Matter of PACE Securities Corp.

TORONTO, May 19, 2020 /CNW/ - A protective order hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of PACE Securities Corp.

IIROC Staff will seek orders pursuant to Sections 8212 and 8426 of the Consolidated Enforcement, Examination and Approval Rules. In particular, IIROC Staff will seek an order for the suspension of PACE Securities Corp.'s membership as a result of a Winding Up Order granted by the Ontario Superior Court of Justice (Commercial List) ordering the winding up of PSC.

The hearing is open to the public, unless the Panel orders otherwise. Members of the public who would like to attend the hearing should contact IIROC's National Hearing Coordinator at NHC1@iiroc.ca to obtain the details.  The decision of the Hearing Panel will be made available at www.iiroc.ca. 

Hearing Date:  The hearing will be held by way of teleconference May 21, 2020 at 10:00 a.m.

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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 more than 170 Canadian investment dealer firms and their more than 29,000 registered employees, the majority of whom are commonly referred to as investment advisors. 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