BlackBerryOS.com - Canadian Investor-Critic Found to Have Broken IIROC Rules
  • Canadian Investor-Critic Found to Have Broken IIROC Rules



    The Investment Industry Regulatory Organization of Canada (IIROC) found that President and CEO of Jaguar Financial Securities and Chief Executive of Northern Securities Inc, Victor Alboini, was have been engaged in "improper and risky" trading, according to Reuters.

    The regulating organization commented in their ruling released late yesterday that in the time period from August to November 2008, Alboini "engaged in a trading practice which improperly obtained access to credit" for his client, Jaguar Financial Corp. They further found that Fred Vane, chief compliance officer for Northern Securities Inc, did not succeed in supervising Alboini's trading activities adequately.

    Seemingly this was not the first time Aiboini has been in trouble. The report also informed that from 2006 to 2010, both Northern Securities Executives faiked to "correct deficiencies in three business conduct compliance reviews."

    A third officer, Douglas Chornoboy, who chief financial officer at the time, filed inaccurate monthly financial reports for Northern Securities. The IIROC further commented that there were serious omission in the reports, including the misinformation of the firm's risk adjusted capital, not factoring adjustments for leasehold improvement costs.

    The former securities lawyer, has made his name known recently due to his abrasive criticisms of RIM of which his company Jaguar Financial is a shareholder. Most notably he was one of the outspoken investors last year calling for the then co-CEO's Mike and Jim to be replaced, and pressured the board to consider RIM looking into selling or dividing the company.


    The investigation was initiated by the IIROC in April, 2009. Leading up to a hearing which took place from May 7 to June 1, 2012.



    Source: Routers


    comments powered by Disqus
  • Sponsored Ad

  • Recent Comments

  • Most Commented

    The most commented articles on BlackBerryOS over the past 24 hours.
  • Recent Forum Posts

    Smiley88

    New App: Text2MP3 Convert any text file or text to MP3

    Application Name: Text2MP3 - Convert and text file or text to MP3


    Description:

    Convert any text file or text in any

    Smiley88 09-02-2015, 09:03 AM Go to last post
    COMFORT

    ERROR 507

    HI, I'm new here. Got an issue with my blackberry 9700 device. It won't boot and the message I get is "Error 507" reload software. I've tried

    COMFORT 09-02-2015, 04:58 AM Go to last post
    skelzy

    where to locate a Porsche Design P'9983 OS Download

    hello Guys,

    I want to download the OS for the Porsche Design P'9983 OS Download that was nuked but cant find the OS on any site. even the

    skelzy 09-02-2015, 04:00 AM Go to last post
    silentgiver

    bold 9700

    keep showing jm error 546 and a blank screen ....help!!!

    silentgiver 08-29-2015, 02:04 PM Go to last post