MONTRÉAL, Sept. 18 /CNW/ - On July 21, 2009, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) rejected a Settlement Agreement between IIROC Staff and Mario Bouchard.
IIROC formally initiated the investigation into the Respondent's conduct on January 19, 2006. The violations allegedly occurred while the Respondent was Branch Manager and a Registered Representative Options (Retail) at the Rouyn-Noranda branch of National Bank Financial Inc. Mr. Bouchard is still employed by National Bank Financial Inc. as a Registered Representative Options (Retail).
Pursuant to the IIROC Dealer Members Rule, the content of a settlement agreement would be made public only after such agreement is accepted by a hearing panel. A new Enforcement Notice will be issued to announce a subsequent hearing.
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: Carmen Crépin, Vice President, Québec, (514) 878-2854, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416) 943-6996, email@example.com