IIROC Announces Disbursement of Additional ABCP Settlement Funds to Investors

TORONTO, Oct. 3, 2013 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) announced today that additional settlement funds have been disbursed to eligible investors who purchased third-party Asset-Backed Commercial Paper (ABCP) from Deutsche Bank Securities Ltd. (DBSL). Cheques for their pro rata share of settlement funds were mailed to investors on September 30, 2013.

As previously announced in May 2013, IIROC appointed Ernst & Young Inc. to administer the distribution of the settlement funds to eligible investors who purchased ABCP issued by Coventree Inc. from DBSL between July 25, 2007 and August 10, 2007.

A total of $1 million plus interest earned on these funds, net of administration fees, has been disbursed to eligible investors. The monies were collected in an enforcement settlement agreed to by DBSL.

Any investor questions should be addressed directly to the Administrator at:

ERNST & YOUNG INC.

Phone (in Toronto): 416-941-1797
Phone (toll-free): 1-855-941-1797
Email: [email protected]

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.  Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.

IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News