Enforcement Notice - Hearing - IN THE MATTER OF Martin Proulx - Settlement Hearing

MONTRÉAL, July 14, 2017 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada ("IIROC") to consider whether the panel should accept a Settlement Agreement between IIROC staff and Martin Proulx.

The Settlement Agreement concerns an allegation that Mr. Proulx carried out two discretionary trades in a client's account without the client account having been approved in writing as a "discretionary" account.

The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Documents related to ongoing IIROC enforcement proceedings – including Reasons and Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.

Hearing Date:          

September 20, 2017, at 9:30 a.m.



Location:              

IIROC – Salle Carmen Crépin


5 Place Ville-Marie, Suite 1550


Montréal, Québec

 

IIROC formally initiated the investigation into Mr. Proulx's conduct in January 2016. The alleged misconduct occurred when Mr. Proulx was a Registered Representative with the Brossard Branch of Desjardins Securities Inc., an IIROC-regulated firm. Mr. Proulx is still employed as a Registered Representative with Desjardins Securities Inc.

The Notice of Application for Settlement Hearing is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=5587A90F289D42AB8A5E3163918A643C&Language=en

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IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while  supporting healthy Canadian 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.

IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

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

For further information: Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec, 514 878-2854, cbienvenu@iiroc.ca; Media Contact: Paul Howard, Director, Communications & Public Affairs, 416 646-7279, phoward@iiroc.ca

RELATED LINKS
http://www.iiroc.ca

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