Enforcement Notice - Hearing - IN THE MATTER OF Denyse Giroux-Garneau - Penalty Hearing

MONTRÉAL, June 21, 2016 /CNW/ - A penalty hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), in the matter of Denyse Giroux-Garneau.

The Hearing Panel will consider the penalty to be imposed as a result of their decision dated May 12, 2016, which found that Ms. Giroux-Garneau acted contrary to IIROC Rules.
Ms. Giroux-Garneau was found to have failed to inform her employer of the death of a client and to update the client's account form, and carried out unauthorized transactions in that client's account four months after his death, for the purpose of appropriating the amount of $15,972.88.

The Hearing Panel's liability decision is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=1134C74B5F044795B4715C3273D2C632&Language=en

The penalty hearing is open to the public, unless the Hearing Panel orders otherwise. The decision of the Hearing Panel 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:     

June 29, 2016, at 10:00 a.m.


Centre Mont-Royal

2200 Mansfield Street

Montréal (Québec)


IIROC formally initiated the investigation into Denyse Giroux-Garneau's conduct in June 2014. The violations occurred when Ms. Giroux-Garneau was a Registered Representative with the Montréal branch of Industrial Alliance Securities Inc., an IIROC-regulated firm. Ms. Giroux‑Garneau is no longer a registrant with an IIROC-regulated firm.

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


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