IIROC to Hold a Settlement Hearing for Montréal Trader Kenneth Aitchison

MONTRÉAL, May 13, 2020 /CNW/ - A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) will consider whether to accept a Settlement Agreement entered into between IIROC staff and Kenneth Aitchison.

The Agreement concerns allegation that Mr. Aitchison entered orders on marketplaces in a manner that was not open and fair, nor in accordance with just and equitable principles of trade.

The hearing is not open to the public but will become open should the Panel accepts the agreement. Members of the public who wish to attend must contact IIROC's National Hearing Coordinator at [email protected] for more information. If the agreement is accepted, the Panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Appearance Date: The hearing will be held by way of teleconference on June 5, 2020 at 9:30 a.m.

IIROC formally initiated the investigation into Mr. Aitchison' conduct in February 2018. The alleged contravention occurred while Mr. Aitchison was a registered trader with Leede Gable Jones Inc., an IIROC-regulated firm. Mr. Aitchison is still employed as registered trader with Leede Gable Jones Inc.

The Notice of Application for Settlement Hearing is available at
http://www.iiroc.ca/documents/2020/2ab97237-178e-4981-856d-b0cc868ad36a_en.pdf

Documents related to ongoing IIROC enforcement proceedings ? including Decisions and Reasons 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 of membership 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