TORONTO, March 2, 2017 /CNW/ - An appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) for the purpose of setting a date for the disciplinary hearing in the matter of Christopher Rutledge.
The discipline hearing concerns allegations that Mr. Rutledge failed to supervise the activities of Jacob Securities Inc. and individuals employed there, and failed to address potential or existing conflicts of interest. The set date appearance is open to the public, unless the Hearing Panel orders otherwise. The date for the discipline hearing 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 documents.
Set Date Appearance:
March 6, 2017 at 2:30 p.m.
IIROC – Quebec Room
121 King Street West, Suite 2000, Toronto, ON
Specifically, the allegation is that:
From November 2013 to December 2015, Rutledge as CCO failed to fully and properly supervise individuals employed at Jacob Securities Inc. to ensure their compliance with IIROC Rules and the written policies and procedures of Jacob Securities Inc., contrary to IIROC Rules 38 and 2500.
IIROC formally initiated the investigation into Mr. Rutledge's conduct in October 2014. The alleged violations occurred while he was the Chief Compliance Officer at Jacob Securities Inc. Mr. Rutledge is no longer a registrant with an IIROC-regulated firm.
The Notice of Hearing and Statement of Allegations which sets out the allegations are available at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=66AE0B0A89EA461AB3CB573032DA7993&Language=en
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IIROC is the national self-regulatory organization which 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 dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian 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.