Enforcement Notice - IN THE MATTER OF Daniel Dubois - Settlement Hearing

MONTRÉAL, Feb. 5, 2014 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), to consider whether the Hearing Panel should accept a Settlement Agreement entered into between IIROC Staff and Daniel Dubois.

The Settlement Agreement concerns allegations that Mr. Dubois failed to observe high standards of ethics and professional conduct and engaged in business practices unbecoming in the conduct of his activities, in that he failed to disclose all of his outside business activities to his employer, that he held authorizations to trade and exercised a form of authority over the accounts of certain of his clients, off-book and without the knowledge of his employer, that he accepted remuneration or a consideration from a person other than his employer in regard to securities-related activities, and that he misled and/or lied to his employer regarding the above-described activities.

The hearing is not open to the public, unless and until the Settlement Agreement has been accepted by the Hearing Panel. If the agreement is accepted, the Panel's decision and the Settlement Agreement 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.

Hearing Date:	February 18, 2014 at 10:00 a.m.
Location:	Centre Mont-Royal 2200 Mansfield Street Montréal, Québec

IIROC formally initiated the investigation into Mr. Dubois's conduct in November 2011. The conduct occurred when Mr. Dubois was a Registered Representative at the Laval branch of Desjardins Securities Inc., an IIROC-regulated firm. Mr. Dubois is currently a Registered Representative with the Montréal branch of Mackie Research Capital Corporation.

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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

Enforcement Contact: 

Carmen Crépin
Vice-President, Québec
514 878-2854
[email protected]

Media Contact: 

Karen Archer
Senior Media and
Public Affairs Specialist
416 865-3046
[email protected]