Confirmation Notice – Hearing – IIROC Holds Settlement Hearing for St. Albert Investment Advisor Gordon Albert Malic
ST. ALBERT, AB, May 6, 2021 / CNW / – A hearing has been set for a hearing of the Investment Industry Regulatory Authority of Canada (IIROC) to determine whether the Panel should accept a Settlement Agreement between IIROC Staff and Gordon Albert Malic.
The Agreement deals with allegations that Mr. Malic:
a) failed to report and resolve an existing or potential material conflict of interest with clients, contrary to Dealer Member Rule 42;
b) failed to notify its Dealer Member of an outside business activity prior to engaging in that activity, contrary to Dealer Member Rule 18.14; and
c) misled its Dealer Member about outside business activities, contrary to Consolidated Rule 1400.
The hearing is not open to the public, but will be if the panel accepts the deal. Members of the public wishing to attend the hearing may contact the IIROC National Hearing Coordinator at [email protected] before the hearing for more details. If the agreement is accepted, the reasons for the decision and the settlement agreement will be available at www.iiroc.ca.
Date of hearing: The hearing will be held by videoconference on Tuesday, May 18, 2021, To 10:00 a.m. (MST)
IIROC formally initiated the investigation into Mr. Malic’s conduct in October 2017. The alleged violations occurred while he was a registered representative with the St. Albert branch of Mackie Research Capital Corporation, an IIROC regulated firm. Mr. Malic is currently a registered representative of the St. Albert subsidiary of Mackie Research Capital Corporation.
The Notice of Motion announcing the Settlement Hearing is available at: http://www.iiroc.ca/documents/2021/50b42ef8-53ad-48ea-aa91-0990fe2c46c1_en.pdf
Documents relating to IIROC’s ongoing enforcement proceedings – including the 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.
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IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activities in from Canada debt and equity markets. IIROC sets high quality regulatory and investment standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC fulfills its regulatory responsibilities by establishing and enforcing rules regarding the competence, business and financial conduct of 175 Canadian investment firms of various sizes and business models, and their more than 30,000. registered employees. IIROC also establishes and enforces market integrity rules with respect to trading activity in the Canadian debt and equity markets.
IIROC is investigating possible misconduct on the part of its member firms and / or registrants. He may initiate disciplinary proceedings that may result in sanctions, including fines, suspensions, permanent bans, expulsion from membership or termination of the rights and privileges of individuals and companies.
All information on disciplinary proceedings involving current and former member firms is available in the Enforcement section of the IIROC website. General information regarding the qualifications and disciplinary history, if any, of advisers currently employed by IIROC regulated firms is available free of charge from IIROC. Advisor report service. You can get information on how to file broker, advisor or market related complaints by calling 1 877 442-4322.
SOURCE Regulator for the securities industry of Canada (IIROC) – General News
For further information: Law Enforcement Contact: Richard Korble, Vice-President, Western Canada, 403-260-6278, [email protected]; Media contact: Evelyn Tchakarov, Public Affairs Specialist, [email protected]
Related links
www.iiroc.ca
