August 25, 2021 (Toronto, Ontario) – A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Bardya Ziaian.
The discipline hearing concerns allegations that Mr. Ziaian engaged in improper trading activity by obtaining allocations of new issues for proprietary trading and not to allocate the new issues to clients of BBS Securities Inc., contrary to Dealer Member Rule 29.1.
IIROC formally initiated the investigation into Mr. Ziaian’s conduct in May 2015. The alleged violations occurred while he was a Registered Representative at BBS Securities Inc., an IIROC-regulated firm. Mr. Ziaian is no longer a registrant with an IIROC-regulated firm.
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.
Hearing Date: The hearing will commence on January 17, 2022, at 10:00 a.m.
Location: Atchison & Denman, 155 University Avenue, 8th Floor, Toronto, Ontario
The Notice of Hearing and Statement of Allegations which sets out the allegations, is available at:
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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.
IIROC is the pan-Canadian self-regulatory organization that 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 175 Canadian investment dealer firms of varying sizes and business models, and their more than 30,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and 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.
Other Notices associated with this Enforcement Proceeding:
08/14/19IIROC Begins Disciplinary Action Against Former BBS Securities Inc. UDP Bardya ZiaianType: Enforcement NoticeSubtype: Hearing
01/15/20IIROC Holds Disciplinary Hearing Regarding Former BBS Securities Inc. UDP Bardya ZiaianType: Enforcement NoticeSubtype: Hearing
04/07/20IN THE MATTER OF Bardya Ziaian – AdjournmentType: Enforcement NoticeSubtype: Hearing
09/17/20IIROC Holds Disciplinary Hearing Regarding Former BBS Securities Inc. UDP Bardya ZiaianType: Enforcement NoticeSubtype: Hearing
08/25/21IIROC Holds Disciplinary Hearing Regarding Former BBS Securities Inc. UDP Bardya ZiaianType: Enforcement NoticeSubtype: Hearing
01/14/22IN THE MATTER OF Bardya Ziaian – AdjournmentType: Enforcement NoticeSubtype: Hearing
05/13/22IIROC to Hold a Settlement Hearing for Bardya ZiaianType: Enforcement NoticeSubtype: Hearing
05/31/22IIROC Sanctions Bardya ZiaianType: Enforcement NoticeSubtype: Decision