IN THE MATTER OF Jean-Luc Beaudoin - Set Date

MONTRÉAL, May 20 /CNW/ - Notice is hereby given that a hearing will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) on Tuesday June 1, 2010, at 2:00 p.m. or as soon thereafter as possible, at 5 Place Ville-Marie, Suite 1550, Montréal, in the matter of Jean-Luc Beaudoin (the Respondent).

The proposed hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.

The hearing relates to allegations that:

    
    (a) Between December 2004 and July 2006, the Respondent failed in his
        duty to protect the public in supervising the transactions effected
        in the personal accounts of representatives A, B and C, who were
        under his supervision, relative to the receipt of numerous securities
        of public companies, without this triggering any questions on his
        part and without his making sure that the trades thus effected were
        within the bounds of good business practice, contrary to Regulation
        1300, to Policy No. 2 and to By-Law 29.1 of the Association;

    (b) Between December 2004 in July 2006, the Respondent failed in his duty
        to protect the public in supervising the transactions effected in the
        client accounts of representatives A, B and C, who were under his
        supervision, relative to recommendations and trading in the
        securities of D and E, without this triggering any questions on his
        part and without his making sure that the trades thus effected were
        within the bounds of good business practice, contrary to Regulation
        1300, to Policy No. 2 and to By-Law 29.1 of the Association;

    (c) Between January and March 2006, the Respondent failed in his duty to
        protect the public relative to trades effected in the account of F, a
        client of the team of A-B, by representative A, who was under his
        supervision, and involving securities of G and H, without this
        triggering any questions on his part relative to their merit and
        without his making sure that the trades were within the bounds of
        good business practice, considering that this client was a consultant
        to these companies and that there were signs of market manipulation,
        contrary to Regulation 1300, to Policy 2 and to By-Law 29 of the
        Association;

    (d) From December 2004 to August 2006, the Respondent failed to track and
        keep a proper record of his daily supervision reviews and of his
        inquiries and their follow-up with regard to the trades effected by
        representatives A, B and C, contrary to Policy No. 2 and By-Law 29 of
        the Association.
    

The IDA formally initiated the investigation into the Respondent's conduct on February 12, 2008. The violations are alleged to have occurred while the Respondent was a Registered Representative with the Brossard Branch of Desjardins Securities Inc. The Respondent is still employed as a Registered Representative of the firm.

The hearing is open to the public, unless the Hearing Panel orders otherwise.

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive 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.

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

For further information: For further information: Claudyne Bienvenu, Regional Director, Regulation, (514) 878-2854, cbienvenu@iiroc.ca; Jeff Kehoe, Acting Vice President, Enforcement, (416) 943-6996, jkehoe@iiroc.ca


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