Enforcement Notice Hearing - IN THE MATTER OF Nelson Turcotte - Initial Appearance to set a hearing date

MONTRÉAL, April 3, 2017 /CNW/ -  An Initial Appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), for the purpose of setting a date for a disciplinary hearing in the matter of Nelson Turcotte.

The discipline hearing concerns an allegation that Mr. Turcotte forged a client's signature (forged endorsement) on an account document.

The Initial Appearance is open to the public, unless the Hearing Panel orders otherwise. The date of the discipline hearing 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.

Date of Appearance:    

May 8, 2017 at 9:30 a.m.



Location:   

IIROC - Salle Carmen Crépin


5 Place Ville Marie, Suite 1550


Montréal, Québec            



Specifically, the allegation is that:

On or around November 12, 2014, Mr. Turcotte forged a client's signature (forged endorsement) on an account document, and thereby engaged in business conduct or practice unbecoming or detrimental to the public interest, contrary to IIROC Dealer Member Rule 29.1.

IIROC formally initiated the investigation into Mr. Turcotte's conduct in January 2015. The alleged violation occurred when Mr. Turcotte was a registered representative at the Sainte-Foy branch of Desjardins Securities Inc., an IIROC-regulated firm. Mr. Turcotte is no longer a registrant with an IIROC-regulated firm. 

The Notice of Hearing and Statement of Allegations are available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=9B5DA20896194F64B6ADE24B0AEFC274&Language=en

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: Karen Archer, Manager, Media Relations, 416 865-3046, karcher@iiroc.ca

RELATED LINKS
http://www.iiroc.ca

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