Proceedings

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FILE NO.: 2017-37 and 2018-10



IN THE MATTER OF
BRIAN MICHAEL SUTTON

- AND –

IN THE MATTER OF THE
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA


Timothy Moseley, Vice-Chair and Chair of the Panel
Deborah Leckman, Commissioner
Lawrence Haber, Commissioner

 

August 14, 2018

ORDER

Sections 8 and 21.7 of the
Securities Act, RSO 1990, c S.5



WHEREAS on June 28, 2018, the Ontario Securities Commission (Commission) held a hearing in relation to an application by Brian Michael Sutton (Sutton) filed on March 5, 2018, to review decisions of the Investment Industry Regulatory Organization of Canada (IIROC) dated July 5, 2017 and January 31, 2018 (the Sutton Application), and in relation to an application filed by IIROC to review the decision dated January 31, 2018 (the IIROC Application);

ON READING the Sutton Application, the IIROC Application, and on hearing the submissions of Sutton, IIROC, and Staff of the Commission;

IT IS ORDERED THAT:

  1. Sutton’s approval as a CFO with an IIROC dealer member firm is prohibited for a period of three years;
  2. Sutton shall pay a $50,000 fine to IIROC; and
  3. Sutton shall pay costs in the amount of $50,000 to IIROC.

 
" Timothy Moseley "
Timothy Moseley
 
" Deborah Leckman "
Deborah Leckman
 
" Lawrence Haber "
Lawrence Haber