Ms. Elsa Renzella reports
IN THE MATTER OF ROBERT CONNOR DISCIPLINE HEARING
A hearing has been scheduled before a hearing
panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of
Robert Connor.
The discipline hearing concerns allegations that Mr. Connor made unsuitable
recommendations in the accounts of two clients, compensated clients without his member
firm's knowledge, made unauthorized trades and engaged in discretionary trading.
The hearing is open to the public, unless the panel orders otherwise. The decision of the
hearing panel will be made available on IIROC's website.
Documents related to continuing IIROC enforcement proceedings including reasons and
decisions of hearing panels are posted on the IIROC website as they become available.
Hearing date: Monday, Nov. 2, 2015, at 10 a.m.
Location: IIROC office,
121 King St. W, Suite 2000,
Toronto, Ont.
Specifically, the allegations are that:
-
During the period between March, 2011, and September, 2012, Mr. Connor made
unsuitable recommendations in the accounts of two clients, contrary to IIROC Dealer
Member Rule 1300.1 (q);
- During the period between October, 2010, and August, 2012, Mr. Connor
compensated clients without his member firm's knowledge, contrary to IIROC Dealer
Member Rule 29.1;
- During the period between October, 2010, and August, 2012, Mr. Connor made
unauthorized trades in clients' accounts, contrary to IIROC Dealer Member Rule 29.1;
- During the period between October, 2010, and August, 2012, Mr. Connor engaged
in discretionary trading in client accounts, without the accounts having been accepted
or approved as discretionary accounts, contrary to IIROC Dealer Member Rule 1300.4.
IIROC formally initiated the investigation into Mr. Connor's conduct in December, 2012. The
alleged violations occurred while he was a registered representative with the Barrie, Ont., branch of Scotia Capital Inc., an IIROC-regulated firm. Mr. Connor is no longer a registrant
with an IIROC-regulated firm.
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