Enforcement Notice Decision - IN THE MATTER OF Deutsche Bank Securities Ltd. -
TORONTO, Feb. 8, 2013 /CNW/ - On February 8, 2013, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) accepted a
Settlement Agreement between IIROC staff and Deutsche Bank Securities Ltd.
DBSL admitted that in late July and early August 2007, it failed to engage
Compliance with emerging issues in the asset-backed commercial paper market,
contrary to Investment Dealers Association of Canada Policy 5.
Pursuant to the Settlement Agreement, DBSL agreed to pay a fine of $1 million.
The Settlement Agreement is available at:
The Hearing Panel's decision will be made available at www.iiroc.ca.
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
IIROC formally initiated the investigation into DBSL's conduct on February 13,
2008. The alleged violations occurred when DBSL was a member firm of the
Investment Dealers Association of Canada. DBSL is currently an
* * *
IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces in
Canada. Created in 2008 through the consolidation of the Investment Dealers
Association of Canada and Market Regulation Services Inc., IIROC sets high
quality regulatory and investment industry standards, protects investors and
strengthens market integrity while maintaining efficient and competitive
IIROC carries out its regulatory responsibilities through setting and
enforcing rules regarding the proficiency, business and financial conduct of
dealer firms and their registered employees and through setting and enforcing
market integrity rules regarding trading activity on Canadian equity
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.
Enforcement Contact: Elsa Renzella Acting Vice President, Enforcement 416
Media Contact: Charlene Fong Public Affairs Specialist 416 943-5846
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) -
To view this news release in HTML formatting, please use the following URL:
CO: Investment Industry Regulatory Organization of Canada (IIROC) - General
-0- Feb/08/2013 15:00 GMT
Press spacebar to pause and continue. Press esc to stop.