The Investment Industry Regulatory Organization of Canada has adjourned its expedited hearing of Barret Capital Management Inc., a Toronto-based firm specialized in futures and options on metals and other exchange-traded commodities.

IIROC has alleged that Barret made “significant misrepresentations to clients including through manipulating account values, misrepresenting account values and holdings by way of false account statements or otherwise providing false information to clients and by manipulating on and off book payments to clients.”

On Tuesday, the three-person IIROC panel, which has not yet made any findings as to any misconduct on the part of Barret, agreed to adjourn the hearing until next month.

In the meantime, the panel allowed the company to continue to operate under tight restrictions.”Barret is restricted to carrying out liquidating or closing trades in all securities and from opening any new client accounts except for trading in physical metals.”

The expedited hearing is adjourned to February 13.