Enforcement Notice - IN THE MATTER OF Simon Roy Jaques - Discipline Hearing

Feb 04, 2014, 15:56 ET from Investment Industry Regulatory Organization of Canada (IIROC) - General News

VANCOUVER, Feb. 4, 2014 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Simon Roy Jaques.

The hearing concerns allegations that Mr. Jaques failed to use due diligence to ensure that the orders that he placed for the accounts of a client were suitable for her and that he failed to attend his IIROC investigatory interview.

The hearing is open to the public, unless the Panel orders otherwise. The decision of the Hearing Panel 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:     March 31, 2014 at 10:00 a.m.

Charest Reporting
16th Floor, 885 West Georgia Street
Vancouver, B.C.

Specifically, the allegations are that:

(a)      Between 2008 and 2009, Mr. Jaques failed to use due diligence to ensure that the  orders that he placed for the accounts of a client were suitable for her, contrary to  IIROC Dealer Member Rule 1300.1(p) (IDA Regulation 1300.1(p) prior to  June 1, 2008) and/or IIROC Dealer Member Rule 1300.1(q) (IDA Regulation 1300.1(q)  prior to June 1, 2008); and
(b)     In April 2013, Mr. Jaques refused and/or failed to attend and give information in  respect of an IIROC investigation into his conduct, contrary to IIROC Dealer Member  Rules 19.5 and/or 29.1.

IIROC formally initiated the investigation into Mr. Jaques' conduct in December 2012. The alleged violations occurred when he was a Registered Representative with the Vancouver branch of Mackie Research Capital Corporation (formerly known as Research Capital Corporation), an IIROC-regulated firm.  Mr. Jaques is no longer a registrant with an IIROC-regulated firm.

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


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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