SASKATOON, SK, the 24th of 2023 /CNW/ – An instructional course from the Investment Dealers Division of the New Self-Regulatory Organization of the Canada (new SRO) will hold a hearing to determine whether it should accept the settlement agreement reached between Enforcement Staff and Blaine Patrick Arnold.
The settlement relates to the conduct of Mr. Arnold, who failed in his supervisory duties as Branch Manager, which resulted in the collection, possession and use of blank signed forms, in contravention of Rule 38.4 of the Dealer Member Rules.
The hearing will be held in camera until the Hearing Panel accepts the Settlement Agreement. If the Hearing Panel accepts the Settlement Agreement, the Panel’s decision and the Settlement Agreement will be made public at www.ocrcvm.ca.
Hearing date : The hearing will be held by videoconference on June 6, 2023, at 11:00 a.m. (Central time).
The notice of application announcing the settlement hearing may be viewed at:
Arnold, Blaine – Notice of asked
The new SRO’s Investment Broker Division formally initiated the investigation into Mr. Arnold’s conduct in March 2021. The violation was allegedly committed while he was a branch manager at Saskatoon of Scotia Capital Inc., then an IIROC-regulated firm. Mr. Arnold is no longer a branch manager with a company regulated by the new SRO.
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All information about disciplinary proceedings concerning current and former member companies can be found in the section Disciplinary cases from the IIROC website.
Competency and disciplinary background information, if any, of advisers employed in firms regulated by the new SRO (Investment Dealers Division) can be obtained free of charge through the service Information advisor. To find out how to make a complaint about an investment dealer, adviser or market, simply call 1-877-442-4322.
The new SRO investigates possible misconduct by its member firms or individuals registered with it. It may initiate disciplinary proceedings which may lead to sanctions such as fines, suspensions, permanent ban from registration, expulsion of a Dealer Member or revocation of the rights and privileges attached to the registration or as a Dealer Member.
The new self-regulatory organization Canada (new SRO) is the pan-Canadian self-regulatory organization that oversees all investment dealers and mutual fund dealers and all transactions in the equity and debt securities markets in Canada. The new SRO carries out the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada and is committed to protecting investors, ensuring effective and uniform regulation and strengthening Canadians’ confidence in financial regulation and the people who look after their investments. To find out more, visit the website www.nouvelorganismedautoreglementationducanada.ca.
SOURCE New self-regulatory body for the Canada (new OAR)
For further information: Enforcement: Richard Korble, Vice President for Western Canada, 403 260-6278, [email protected]; Media: Julia Mackenzie, Acting Head of Public Affairs, 416 786-1650, [email protected]
2023-05-24 17:03:02
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