In the matter of Stéphane Bourcier - Set date application



    MONTREAL, Oct. 10 /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 October 28, 2008, at 10:00 a.m. or as soon thereafter
as possible, at the Four Points by Sheraton, 475 Sherbrooke St. West,
Montréal, Québec, to set a hearing date in the matter of Stéphane Bourcier
(the Respondent).
    The hearing concerns matters for which the Respondent may be disciplined
as a Registrant of the IDA, pursuant to Part 10 of IDA By-Law 20.

    The hearing relates to allegations that:

    
    (1) Between January and May 2005, while Vice-President, Director,
        Investment Representative, Options and Futures Contracts servicing
        institutional clients for The Jitney Group Inc., an IDA Member firm,
        the Respondent engaged in conduct unbecoming and detrimental to the
        public interest, when he put in contact A, a shareholder of the firm,
        and C, a client of the firm and independent foreign trader, for the
        known purpose of investing an approximate sum of $167,000 abroad,
        under cover of a nominee, in this instance C, the whole contrary to
        IDA By-law 29.1;

    (2) On or about April 13, 2005, while Vice-President, Director,
        Investment Representative, Options and Futures Contracts servicing
        institutional clients for The Jitney Group Inc., an IDA Member firm,
        the Respondent engaged in conduct unbecoming and detrimental to the
        public interest, when he agreed to sign a document, at the request of
        A, certifying that the funds deposited in the account opened under
        the name of C were the property of A and B, and that they were the
        only persons authorized to withdraw money or securities from this
        account, the whole contrary to IDA By-law 29.1;

    (3) In 2005, while Vice-President, Director, Investment Representative,
        Options and Futures Contracts servicing institutional clients for The
        Jitney Group Inc., an IDA Member firm, the Respondent engaged in
        conduct unbecoming and failed to exercise his role to protect the
        public, contrary to IDA By-law 29.1, by neglecting to question A, 1)
        on the source of an approximate sum of $167,000, which was to be
        invested; 2) on the reason why A wished to deposit this money in a
        foreign account; and 3) on the nature of the agreement between A and
        C, when he knew or should have known that this plan could, notably,
        be an indicator of a tax evasion stratagem.
    

    The IDA formally initiated the investigation into the Respondent's
conduct on November 20, 2006. The violations occurred while the Respondent
worked at the Montréal head office of The Jitney Group Inc., which became
JitneyTrade Inc. on July 17, 2007. The Respondent is no longer a registrant
with an IIROC regulated 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.





For further information:

For further information: Carmen Crépin, Vice President, Québec, (514)
878-1625 or ccrepin@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996 or jkehoe@iiroc.ca


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