Enforcement Notice - Decision - IN THE MATTER OF Denyse Giroux-Garneau - Decision on Motions

MONTRÉAL, March 7, 2016 /CNW/ - A hearing was held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider two motions in the matter of Denyse Giroux-Garneau.

The motions were filed by consent by counsel for Ms. Giroux-Garneau and by counsel for IIROC, for the purpose of obtaining the following orders:

a)	A motion for leave to introduce into evidence a sworn statement by Ms. Giroux-Garneau which was communicated in advance to counsel for IIROC and transmitted to the members of the Hearing Panel on February 4, 2016; and
b)	A motion for leave to plead in writing.

Following the hearing held on February 4, 2016, in Montréal, Québec, the Hearing Panel of IIROC ruled as follows:

a)	Allows the introduction into evidence in the matter before it of a "Narrative History" sworn by Ms. Giroux-Garneau, under Exhibit I-1; and
b)	Allows the presentation of closing addresses by the counsels for the parties in the form of written arguments, said arguments to be filed in the record of the hearing, no later than February 19, 2016 in the case of counsel for Ms. Giroux-Garneau, and no later than March 8, 2016 in the case of counsel for IIROC.

The Hearing Panel's decision on the motions dated February 8, 2016 is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=CDBC97A2D37E4270BC200F2749EBB111&Language=en.

The two motions relate to a disciplinary proceeding initiated against Ms. Giroux-Garneau, in which it is alleged that she failed to inform her employer of the death of her client and to update the client's account form, and that she 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 Notice of Hearing which sets out the allegations is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=812E8D6075534478BE8EE8FFF93B73B9&Language=en

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 formally initiated the investigation into Ms. Giroux-Garneau's conduct in June 2014. The conduct occurred while Ms. Giroux-Garneau was a Registered Representative at the Montreal 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 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

Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec, 514 878-2854, [email protected]; Media Contact: Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]