Industry News

IIROC reaches decision for Ronald Stoneburg

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found Ronald Stoneburg misappropriated $350,000 in client funds and forged a client signature. The penalty against Mr. Stoneburg includes a $425,000 fine and a permanent ban on conducting securities-related business in any capacity with an IIROC-regulated firm. The panel has also ordered […]

By Staff |January 17, 2011

1 min read

IIROC settles with All Group Financial Services

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a Settlement Agreement between IIROC staff and All Group Financial Services Inc. In the agreement, All Group Financial Services Inc. admits that it failed to maintain Risk-Adjusted Capital above zero, and that it reduced its capital by redeeming shares without prior […]

By Staff |January 17, 2011

1 min read

IIROC settles with Paul Ryan Klemke

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement between IIROC staff and Paul Ryan Klemke. In the agreement, Mr. Klemke admitted to unauthorized trading in client accounts; violating his know-your-client and suitability obligations in certain trading in client accounts; and trading in a security that was […]

By Staff |January 17, 2011

2 min read

OSC issues investor alert: Impact Finance and Douglas Charles

The Ontario Securities Commission is warning investors not to send money to Impact Finance or Douglas Charles. Representatives of these entities, including an individual purported to be Ian T. Ball, may be soliciting residents of Ontario in a fraudulent advance fee scheme. Impact Finance and Douglas Charles representatives are contacting investors who hold securities of […]

By Staff |January 17, 2011

1 min read