Montréal ,
June 20,
2024 /CNW/ - Following a disciplinary
hearing held on March 11, 2024
pursuant the Investment Dealer and Partially Consolidated Rules, a
hearing panel of the Canadian Investment Regulatory Organization
(CIRO) 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 hearing panel's reasons for the decision on liability, dated
June 7, 2024, are available at:
Re Roland 2024 CIRO 56
A separate hearing will be held to determine the penalty to be
imposed on Lucie Roland, the date of
which will be made available at www.ciro.ca.
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)