Penalty Hearing for Nott, Sadeghi, Kaplan, Nemy & Poulstrop Set

The Investment Industry Regulatory Organization of Canada (IIROC) will hear the case of Kenneth Nott, Aidin Sadeghi, Christopher Kaplan, Robert Nemy and Jake Poulstrop for purposes of imposing the correct penalty against them on January 26, 2011 (10 am) at the JRP Meeting Rooms in Toronto, ON.

The five individuals had violated the Universal Market Integrity Rules (UMIR) by entering artificial closing bids in 323 instances over a six-month period, in violation of UMIR 2.2. (2)(b) and UMIR Policy 2.2.

The penalty hearing to be conducted by the Hearing Panel of the IIROC is open to the public, unless the latter declares otherwise.

(Source: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=6EB5C7FCC5C14FBDBCEF695F256CD4B9&Language=en)

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