Le Lézard
Classified in: Business
Subject: LAW

IIROC to Hold Settlement Hearing for Former Winnipeg Investment Advisor Joseph Marcel Denis (Denis) Rochon


WINNIPEG, Jan. 16, 2020 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider whether the panel should accept a Settlement Agreement entered into between IIROC staff and Joseph Marcel Denis (Denis) Rochon.

The hearing concerns allegations that Mr. Rochon failed to know some of his clients, who were seniors with limited investment knowledge. It is alleged that he failed to use due diligence to ensure that his recommendations were suitable for the clients when he pursued a concentrated growth strategy that was contrary to their true financial circumstances.

The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the Panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Hearing Date: January 20, 2020 at 10:00 a.m.

Location: Radisson Hotel 288 Portage Avenue Ambassadors D Winnipeg, MB R3C 0B8

IIROC formally initiated the investigation into Mr. Rochon's conduct in July 2015. The alleged violations occurred while he was a Registered Representative with a Winnipeg branch of Industrial Alliance Securities Inc., an IIROC-regulated firm. Mr. Rochon is no longer a registrant with an IIROC-regulated firm.

The Notice of Motion announcing the settlement hearing is available at:

http://www.iiroc.ca/documents/2020/f16c4aa6-1614-4ac3-a80b-03179b8bfc74_en.pdf

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.

*  *  *

IIROC is the pan-Canadian self-regulatory organization that 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 more than 170 Canadian investment dealer firms and their more than 29,000 registered employees, the majority of whom are commonly referred to as investment advisors. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and 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


These press releases may also interest you

at 00:01
Innovations emerging in the fashion industry in response to sustainability pressures present unprecedented investment opportunities, which Boston Consulting Group (BCG) and Fashion for Good estimate at $20 billion to $30 billion annually, according...

at 00:00
LumApps, a leading Software-as-a-Service provider of cloud-based enterprise communication solutions, today announced a $70 million Series C funding round, bringing the company's total amount raised to around $100 million. New investor Goldman Sachs...

21 jan 2020
Petróleos Mexicanos ("PEMEX") announced today the pricing of global notes denominated in U.S. Dollars (the "New Money Securities"), and the commencement of two liability management transactions consisting of fourteen separate exchange offers...

21 jan 2020
Lansing Companies has announced that construction will soon begin on its Paradise Knolls project in Jurupa Valley, California. The project will entail an eventual 650 homes, 4.4 acres of retail and commercial businesses and 18 acres of open space...

21 jan 2020
A December 10 article on MSN reports on the death of a Sacramento motorcyclist who allegedly ran a red light and smashed into another motorist at 70 mph. It is currently unknown whether drugs or alcohol played any part in the crash, though the...

21 jan 2020
Centene Corporation ("Centene") announced today the final results of the offers to exchange (the "Exchange Offers") notes (the "WellCare Notes") issued by WellCare Health Plans, Inc. ("WellCare") for up to $1,950,000,000 aggregate principal amount...



News published on 16 january 2020 at 14:20 and distributed by: