Enforcement Notice - Hearing - 23-0020 - New SRO to Hold Disciplinary Hearing for Patrick Poulin

MONTRÉAL, Feb. 16, 2023 /CNW/ - An initial appearance has been scheduled before a hearing panel of the Investment Dealer Division of the New Self-Regulatory Organization of Canada (New SRO) for the purpose of setting a date for the disciplinary hearing in the matter of Patrick Poulin.

The discipline hearing concerns allegations that Mr. Poulin executed unauthorized transactions in the accounts of three clients and offered a client compensation in order to settle the latter's complaint, without his employer's knowledge.

The initial  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.

Initial Appearance: April 4, 2023, at 9 : 30 a.m.

Location : Via videoconference:  Please contact the National Hearing Officer for details at [email protected].

Specifically, the allegations are that:

a)  On or around October 26, 2021, Mr. Poulin executed unauthorized transactions in the accounts of three clients, contrary to Rule 1400 of the Investment Dealer and Partially Consolidated Rules.

b)  On or around May 26, 2021, Mr. Poulin offered a client compensation in order to settle the latter's complaint, without his employer's knowledge, contrary to Rule 1400 of the Investment Dealer and Partially Consolidated Rules.

The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:

POULIN, Patrick – Notice of Hearing and Statement of Allegations

The Investment Dealer Division of New SRO formally initiated the investigation into Mr. Poulin's conduct in May 2022. The alleged violations occurred while the respondent was a Registered Representative with the Saint-Hyacinthe branch of Manulife Securities Inc., at the time an IIROC-regulated firm. Mr. Poulin is no longer a registrant with a New SRO-regulated firm.

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All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC/MFDA website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by New SRO-regulated firms (Investment Dealer Division) is available free of charge through the AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

New SRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctionsincluding fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

New Self-Regulatory Organization of Canada (New SRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA), and 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.newselfregulatoryorganizationofcanada.ca.

SOURCE New Self-Regulatory Organization of Canada

Enforcement Contact: Claudyne Bienvenu, Vice-President, Québec & Atlantic, 514 878-2854, [email protected]; Media Contact: Stephanie Teodoridis, Senior Public Affairs and Corporate Communications Specialist, 416-254-9026, [email protected]