December 16, 2022 (Saskatoon, Saskatchewan) – On December 5, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Marni Gay Harvey.
Ms. Harvey admitted that she failed in her obligations regarding the proper execution of client documents, resulting in the collection, possession, and use of Pre-Signed client forms, contrary to IIROC Rule 1400.
Specifically, Ms. Harvey admitted to the following violation:
- Between January 2012 and February 2021, she failed in her obligations regarding the proper execution of client documents, resulting in the collection, possession, and use of Pre-Signed client forms, contrary to IIROC Rule 1400.
Pursuant to the Settlement Agreement, Ms. Harvey agreed to the following penalty:
- A fine in the amount of $50,000.
Ms. Harvey also agreed to pay costs in the amount of $5,000.
The Settlement Agreement is available at:
Harvey, Marni – Settlement Agreement
The Hearing Panel’s decision will be made available at www.iiroc.ca.
IIROC formally initiated the investigation into Ms. Harvey’s conduct in March 2021. The conduct occurred while she was a Registered Representative with the Saskatoon branch of Scotia Capital Inc., an IIROC-regulated firm. Ms. Harvey is currently a Registered Representative at the Saskatoon branch of Wellington-Altus Private Wealth Inc.
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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 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.
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 174 Canadian investment dealer firms of varying sizes and business models, and their more than 32,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.
Other Notices associated with this Enforcement Proceeding:
11/28/22IIROC to Hold a Settlement Hearing for Marni Gay HarveyType: Enforcement NoticeSubtype: Hearing