A hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement between IIROC Staff and Victoria Jenset on May 7, IIROC announced Wednesday.

Jenset admitted that as a registered representative of Toronto Branch of Secutor Capital Management Corp. from December 2004 to May 2005, she became a registered shareholder of securities of an issuer for no apparent consideration, and subsequently permitted a non-registrant to perform “know your client” obligations for approximately four clients for whom she purchased securities of the same issuer.

The hearing panel imposed the following penalty against the Jenset:

• a fine in the amount of $10,000;
• close supervision for 12 months; and
• successful completion of the Conduct and Practices Handbook examination.

The panel also ordered Jenset to pay $600 in costs.

IIROC formally initiated the investigation into the Jenset’s conduct on January 23, 2006.

Jenset is currently employed in a registered capacity with Wellington West Capital Inc.

IE