From: Ashley Breedon <ABreedon@IIROC.CA>
Subject: IN THE MATTER OF Alain Laroche - Settlement Accepted
PLAIN TEXT:
Ashley Breedon
Public Affairs Specialist
Investment Industry Regulatory Organization of Canada
121 King Street West, Suite 2000, Toronto M5H 3T9
T: (416) 865-3046
E: abreedon@iiroc.ca<mailto:abreedon@iiroc.ca>
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File: 12-0146 Enforcement Notice - NR -Decision - Alain Laroche - Settlement (English).pdf
Enforcement Notice
Decision
12-0146
For further information, please contact:
Enforcement Contact: Media Contact:
Carmen Cr�pin David Thomas
Vice President, Qu�bec Director, Public Affairs
514 878-2854 416 943-6921
ccrepin@iiroc.ca dthomas@iiroc.ca
IN THE MATTER OF Alain Laroche � Settlement Accepted
April 25, 2012 (Montr�al, Que.)----- -On March 29, 2012 a Hearing Panel of the Investment
Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement
between IIROC staff and Alain Laroche.
Specifically, Mr. Laroche admitted to the following violation:
a) Around October 2007 he engaged in business conduct unbecoming and detrimental
to public interest, contrary to By-law 29.1 and Regulation 200.1 of the IDA (now
Rule 29.1 and Rule 200.1 of the IIROC) by permitting several of his clients to participate
in a private placement of shares in an investment firm owned by his spouse, all
unrecorded and without the knowledge of the member firm.
Pursuant to the Settlement Agreement, Mr. Laroche agreed to the following penalties, which
took effect on March 29, 2012:
a) A $20,000 fine; and
b) Suspension from approval with IIROC in any capacity for a period of one month.
Mr. Laroche also agreed to pay costs in the amount of $5,000.
The Settlement Agreement and the Hearing Panel's decision and reasons will be published on
www.iiroc.ca as soon as they become available.
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.
IIROC formally initiated the investigation into Mr. Laroche's conduct in September 2009. The
violation occurred when he was a Registered Representative with the Qu�bec City branch of
Canaccord Capital Inc. (now Canaccord Genuity), an IIROC-regulated firm. Mr. Laroche is no
longer a registrant with an IIROC-regulated firm.
* * *
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.
-30-
IIROC Notice 12-0146 Enforcement Notice/News Release � Decision � In the Matter of Alain Laroche � Settlement Accepted
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