Anya Schnoor is proud of what she has achieved without compromising her integrity. - Ricardo Makyn/Staff Photographer

The hearings into alleged front running by the stockbrokerage arm of Dehring Bunting and Golding (DB&G), a charge made by one of its clients, continues December 7.

At this time, providing that all information is received, a decision is expected then and recommendation made to the Jamaica Stock Exchange on how to proceed.

"We are ready at anytime to get it over with," said Anya Schnoor, new chief executive officer of DB&G since June.

Request not satisfied

The client, Bruce Stephen-Miller, alleged that DB&G did not satisfy his request for the purchase of 100,000 shares, a $1.2 million transaction, on the stock market, instead purchasing only half of that amount and acquiring the remainder for itself.

The case was to be heard initially in April but was put off until June 11. Now the committee conducting the probe says it is possible the full hearings won't be wrapped up on December 7, adding that if not, another full day would be assigned for the case to be heard.

The disciplinary committee, chaired by Hillary Phillips, QC, was set up by the JSE conduct review committee to determine whether action should be taken against DB&G.

The hearings are closed door.

JSE general manager Marlene Street Forrest said that, consistent with the rules of the exchange, she was not at liberty to discuss the hearings publicly.

"The matter is only part heard at this point and will continue in December," Street Forrest said.

sabrina.gordon@gleanerjm.com