MONTRÉAL, Oct. 28, 2024 /CNW/ - Following a hearing held on August 16, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on sanctions pursuant to the Investment Dealer and Partially Consolidated Rules in the matter of Lucie Roland.
The hearing panel imposed a permanent ban from registration and a fine of $10,000. Lucie Roland is also required to pay costs in the amount of $10,000.
The reasons for decision on sanctions dated October 8, 2024 can be found at:
In an earlier decision dated June 11, 2024, the Hearing Panel found that Lucie Roland engaged in conduct unbecoming when she facilitated unauthorized transfers of funds to third parties from the accounts of three clients.
The decision on liability can be found at:
The violations occurred while Lucie Roland was an assistant at a Joliette branch of National Bank Financial Inc., a CIRO-regulated firm. Lucie Roland is no longer a registrant with CIRO.
The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.
All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website.
Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.
CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
SOURCE Canadian Investment Regulatory Organization (CIRO)
Kate Morris, Senior Corporate Communications and Public Affairs Specialist, [email protected], Phone: 416-779-8301
Share this article