Local

Winnipeg Free Press - ONLINE EDITION

Suspension lifted for Jory Capital

By: Staff Writer

Posted: 11/20/2012 12:07 PM | Comments: 0

The Manitoba Securities Commission has lifted the suspension of Jory Capital Inc. that had been imposed when the firm had failed to maintain sufficient capital and the firm is now in the process of restructuring.

Patrick Cooney, the founder and CEO of Jory said the firm intends to continue to offer independent advice but wants to get out from under the compliance burden that the firm has been subjected to after a track record of consistently bumping up against the regulatory thresholds.

Last month the Investment Industry Regulatory Organization of Canada (IIROC), which oversees all investment dealers in the country suspended the firm but a provincial securities commission panel lifted that suspension without yet providing written reasons.

Cooney said the details of the restructuring have not been finalized and the firm is holding an open house at the Caboto Centre on Wilkes Ave., Wednesday Nov. 28 at 6 p.m. to discuss the restructuring with its clients.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Local

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.