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Enforcement Notice - IIROC Sanctions Albert Ying Yuen Wong

·2 min read

CALGARY, AB, June 14, 2022 /CNW/ - On June 8, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Albert Ying Yuen Wong.

Mr. Wong admitted that he exercised discretionary authority over a client account.

Specifically,  Mr. Wong admitted to the following violation:

(a)        Between January 2016 and August 2017, Mr. Wong exercised discretionary authority over a client account, contrary to Dealer Member Rule 1300.4.

Pursuant to the Settlement Agreement, Mr. Wong agreed to the following penalty:

(a)        a fine of $10,000;

(b)        a suspension from IIROC registration in any capacity for 2 months; and

(c)        successfully re-write the Conduct and Practices Handbook Examination before any approval.

Mr. Wong also agreed to pay costs in the amount of $1,000.

The Settlement Agreement is available at:

Wong, Albert Ying Yuen – Settlement Agreement

The Hearing Panel's decision will be made available at  www.iiroc.ca.

IIROC formally initiated the investigation into Mr. Wong's conduct in June 2018.  The conduct occurred while he was a Registered Representative with the Calgary branch of Leede Jones Gable Inc., an IIROC-regulated firm.   Mr. Wong 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


View original content: http://www.newswire.ca/en/releases/archive/June2022/14/c6498.html