fbpx
Wednesday, January 19, 2022

Enforcement Notice – Hearing – IN THE MATTER OF Bardya Ziaian – Adjournment

Must read

TORONTO, Jan. 14, 2022 /CNW/ –  A hearing was originally scheduled to commence before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Bardya Ziaian on January 17, 2022.  The hearing has been adjourned to a date to be determined. 

The discipline hearing concerns allegations that Mr. Ziaian engaged in improper trading activity by obtaining allocations of new issues for proprietary trading and not to allocate the new issues to clients of BBS Securities Inc., contrary to Dealer Member Rule 29.1.

The hearing is open to the public, unless the Hearing Panel orders otherwise. The decision of the Hearing Panel will be made available at www.iiroc.ca.

The Notice of Hearing and Statement of Allegations which sets out the allegations, is available at:

Ziaian, Bardya – Notice of Hearing and Statement of Allegations

IIROC formally initiated the investigation into Mr. Ziaian’s conduct in May 2015. The alleged violations occurred while he was a Registered Representative at BBS Securities Inc., an IIROC-regulated firm. Mr. Ziaian is no longer a registrant with an IIROC-regulated firm.

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.

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.

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 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – General News

spot_img

More articles

Latest article