Securities Law & Instruments

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”

“Deborah Leckman”

“Lawrence Haber”