Enforcement Notice - Hearing - IN THE MATTER OF Cameron Richard Prange and Kingsdale Capital Markets Inc. (now Regent Capital Partners Inc.) - Settlement Hearing

TORONTO, Dec. 10, 2019 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider whether a Settlement Agreement should be accepted  between IIROC staff, Cameron Richard Prange and Kingsdale Capital Markets Inc. (now Regent Capital Partners Inc.).

The Agreement concerns allegations that Cameron Richard Prange, as Ultimate Designated Person (UDP), and Kingsdale Capital Markets Inc., failed to maintain and enforce its policies and procedures regarding the receipt and containment of confidential information about the firm's corporate finance activities. It is also alleged that Kingsdale Capital Markets Inc. failed to abide by certain requirements of Dealer Member Rule 30 after being designated in early warning. 

The hearing is not open to the public but will be open should  the Panel accept the agreement. If accepted, the Panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Hearing Date: December 20, 2019 at 10:00 a.m.    

Location:        IIROC ? 121 King Street West, Suite 2000, Toronto, Ontario

IIROC formally initiated the investigation into Mr. Prange's conduct in September 2016. The conduct occurred while he was the UDP at Kingsdale Capital Markets Inc., now Regent Capital Partners Inc., an IIROC-regulated firm.  Mr. Prange is still currently registered with the firm.

IIROC also formally initiated the investigation into IIROC-regulated Kingsdale Capital Market Inc.'s conduct in September 2016.

The Notice of Application announcing the settlement hearing is available at: http://www.iiroc.ca/documents/2019/75fd797b-8dee-4e2e-b4d7-69b745b6f067_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.

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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