A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Aidin Sadeghi.IIROC dicipline
The hearing concerns allegations that Mr. Sadeghi entered orders that he knew, or ought reasonably to have known, would create, or could reasonably be expected to create, a false or misleading appearance of trading activity in or interest in the purchase or sale of the securities.IIROC dicipline
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.IIROC dicipline
Documents related to ongoing IIROC enforcement proceedings – including 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.
Hearing Date: Commencing March 6, 2017 at 10:00 a.m.
Location: Atchison & Denman, 155 University Avenue, 8th Floor, Toronto, Ontario
Specifically, the allegations are that:
|Between December 2012 and January 2013, Mr. Sadeghi, while employed as a proprietary trader at W.D. Latimer Co. Ltd., entered orders that he knew, or ought reasonably to have known, would create, or could reasonably be expected to create, a false or misleading appearance of trading activity in or interest in the purchase or sale of the securities, contrary to Universal Market Integrity Rule (“UMIR”) 2.2(2) and UMIR Policy 2.2, for which he is liable under UMIR 10.4(1).
IIROC formally initiated the investigation into Mr. Sadeghi’s conduct in May 2013. The alleged violations occurred while he was a registered representative and proprietary trader with W.D. Latimer Co. Ltd., an IIROC-regulated firm. Mr. Sadeghi is currently employed with W.D. Latimer Co. Ltd.
The Notice of Hearing which sets out the allegations is available at:
— Karen Archer