Enforcement Notice - Hearing - IN THE MATTER OF Jacques Turenne - Adjournment

MONTRÉAL, March 30, 2015 /CNW/ - A disciplinary hearing was originally scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Jacques Turenne on April 1^st and 2^nd, 2015.  The disciplinary hearing was adjourned to May 14 and 15, 2015.

The hearing concerns allegations that Mr. Turenne engaged in personal financial dealings with a client by borrowing money from her and made false statements to IIROC Staff in the course of a prior disciplinary matter.

The 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.

IIROC formally initiated the investigation into Mr. Turenne's conduct in September 2013. The violations are alleged to have occurred when Mr. Turenne was employed as a registered representative at the Trois-Rivières branch of Groupe Option Retraite inc., formerly an IIROC‑regulated firm, and then as a registered representative (retail) at the Trois-Rivières branch of Desjardins Securities inc., and finally, as a registered representative (retail) at the Shawinigan-Sud branch of Peak Securities Inc., the latter two being IIROC-regulated firms. Mr. Turenne is no longer a registrant with an IIROC-regulated firm. 

The Notice of Hearing which sets out the allegations is available at: http://www.iiroc.ca/Documents/2015/3bfe3714-2c3a-492d-ae38-38d34f370fdf_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 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.

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

Related Links

http://www.iiroc.ca