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File: 16-0146 - Enforcement Notice - NR- Hearing - Edward Peter Bodnarchuk - Discipline (English).pdf

Enforcement Notice
Hearing
16-0146

For further information, please contact:

Enforcement Contact:                                                                Media Contact:


Warren Funt                                                                          Karen Archer
Vice-President, Western Canada                                            Manager, Media Relations
604 331-4750                                                                        416 865-3046
wfunt@iiroc.ca                                                                    karcher@iiroc.ca


IN THE MATTER OF Edward Peter Bodnarchuk   Discipline
Hearing
June 27, 2016 (Calgary, Alberta)   Following a previous adjournment, a hearing has
been rescheduled before a Hearing Panel of the Investment Industry Regulatory Organization
of Canada (IIROC) in the matter of Edward Peter Bodnarchuk.

The hearing concerns allegations that Mr. Bodnarchuk failed to know his client, made
unsuitable recommendations, and made discretionary trades in his client's accounts.

The hearing is open to the public, unless the Panel orders otherwise. The decision of the
Hearing Panel 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.

Hearing Dates:           August 16, 17, and 18, 2016, at 10:00 a.m. CT
Location:                Radisson Hotel Winnipeg
                         12th Floor, Ambassador D
                         288 Portage Avenue
                         Winnipeg, Manitoba
 Specifically, the allegations are that:

    1. Between July 2008 and November 2012, Mr. Bodnarchuk failed to use due diligence to
       learn and remain informed of the essential facts relative to one client, contrary to
       Dealer Member Rule 1300.1(a);

    2. Between July 2008 and November 2012, Mr. Bodnarchuk made unsuitable
       recommendations for the account of one client, contrary to Dealer Member Rule
       1300.1(q); and

    3. Between July 2008 and November 2012, Mr. Bodnarchuk made discretionary trades in
       the accounts of one client, contrary to Dealer Member Rule 1300.4.

IIROC formally initiated the investigation into Mr. Bodnarchuk's conduct in October 2013. The
alleged violations occurred while he was a Registered Representative with the Winnipeg
branch of National Bank Financial Ltd., an IIROC-regulated firm. Mr. Bodnarchuk is currently
a Registered Representative at the Winnipeg branch of PI Financial Corp, an IIROC-regulated
firm.

The Notice of Hearing which sets out the allegations is available at:
http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=082143E6E94542F4B213AD0E82133E21&Language=en

                                                          * * *

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.

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IIROC Notice 16-0146 Enforcement Notice/News Release   In the Matter of Edward Peter Bodnarchuk  Discipline Hearing