Ms. Elsa Renzella reports

ENFORCEMENT NOTICE - DECISION - IN THE MATTER OF BRYAN ANDREW VICKERS - PENALTY DECISION

Following a penalty hearing held on June 10, 2014, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) imposed the following penalty on Bryan Andrew Vickers:

(a) A fine of $30,000;

(b) A suspension and prohibition on Vickers becoming a supervisor for six months; and

(c) A requirement that Vickers rewrite the supervisor's course before again becoming a branch manager.

Mr. Vickers is also required to pay costs in the amount of $3,000.

The penalty decision can be found on-line.

Pursuant to an agreed statement of facts, Mr. Vickers admitted to the following violation:

(1) From April, 2010, to August, 2011, in the manner described herein, he failed to adequately supervise a registered representative (RR) and certain of his client accounts, when the RR recommended certain inverse exchange-traded funds to clients, contrary to IIROC dealer member Rule 38.4.

Documents related to IIROC enforcement proceedings, including reasons and decisions of hearing panels are posted on the IIROC website as they become available. IIROC enforcement documents are available on-line.

IIROC formally initiated the investigation into Mr. Vickers's conduct in November, 2012. The violations occurred while he was a branch manager with the London, Ont., branch of RBC Dominion Securities, an IIROC-regulated firm. Mr. Vickers is currently a registered representative with that same branch.