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BR-2.2.6

An investment firm licensee must notify its supervisory point of contact, and in cases of fraud the Compliance Directorate at the CBB immediately if one of the following events arises and the event is significant:

(a) It becomes aware that an employee may have committed a fraud against one of its customers;
(b) It becomes aware that a person, whether or not employed by it, is acting with intent to commit fraud against it;
(c) It identifies irregularities in its accounting or other records, whether or not there is evidence of fraud;
(d) It suspects that one of its employees may be guilty of serious misconduct concerning his honesty or integrity and which is connected with the investment firm licensee's regulated or ancillary activities; or
(e) Significant conflicts of interest.
Amended: April 2016
Amended: October 2009
Adopted: July 2007