June 14, 2022 (Toronto, Ontario) – A motion was heard before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Regent Capital Partners Inc. The motion was for an order expelling Regent Capital Partners Inc. from IIROC and terminating its rights and privileges of membership, following the Protective Order that suspended its membership on January 21, 2022. Regent Capital Partners Inc. consented to this motion.
The motion was heard in writing on June 3, 2022.
The hearing panel ordered that:
- Pursuant to Section 8212(4)(v) of the IIROC Rules, Regent Capital Partners Inc. shall be and hereby is expelled from IIROC effective immediately; and
- Pursuant to Section 8212(4)(v) of the IIROC Rules, Regent Capital Partners Inc.’s rights and privileges of IIROC membership shall be and hereby are terminated effective immediately.
The Order of the Hearing Panel dated June 3, 2022 is available at:
The decision of the Hearing Panel will be made available at www.iiroc.ca.
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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 31,000 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.