Enforcement Notice - Hearing - IN THE MATTER OF Élizabeth St-James - Appearance to Set a Hearing Date

MONTRÉAL, May 18, 2018 /CNW/ - An appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), for the purpose of setting a date for a disciplinary hearing in the matter of Élizabeth St-James.

The discipline hearing concerns allegations that Élizabeth St-James failed to adequately supervise two registered representatives under her responsibility in their customer account activities.

The set date appearance is open to the public, unless the Hearing Panel orders otherwise. The date for the discipline hearing 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.

Set Date Appearance:	July 5, 2018 at 9:30 a.m.
Location:	IIROC – Carmen Crépin Conference Room
	525 Viger Ave. W.
	Suite 601
	Montréal, Québec

Specifically, the allegations are that:

1. From August 2009 to September 2012 and from December 2012 to July 2013, the Respondent failed to adequately supervise activities in a customer account by a registered representative under her responsibility, in accordance with the supervision terms and conditions imposed on this registered representative by the Québec District Council Approval Committee, contrary to Rule 38.4 (a) and Rule 2500 of the IIROC Dealer Member Rules;
2. From July 2013 to March 2014, the Respondent failed to adequately supervise a registered representative under her responsibility, in accordance with the supervision terms and conditions imposed on this registered representative by the Québec District Council Approval Committee, contrary to Rule 38.4 (a) and Rule 2500 of the IIROC Dealer Member Rules.

IIROC formally initiated the investigation into Ms. St-James' conduct in September 2014. The alleged violations occurred when Ms. St-James was a branch manager at Mackie Research Capital Corporation (Mackie), an IIROC Regulated Firm.

The Notice of Hearing and Statement of Allegations is available at http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=C23100D88C0740D79ACD15911078FC24&Language=en

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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

Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec and Atlantic, 514 878-2854, [email protected]; Media Contact: Andrea Zviedris, Manager, Media Relations, 416 943-6906, [email protected]

Related Links

http://www.iiroc.ca