November 25 , 2021 (Montréal, Québec) – On November 11, 2021, Philippe Bélisle filed an application with the Tribunal administratif des marchés financiers (TMF) for review of the penalty decision made on October 12, 2021 by an IIROC hearing panel.
The penalty decision is available at:
More information about the review process is available at:
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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 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 Advisor Report service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.
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.
IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.
Other Notices associated with this Enforcement Proceeding:
01/18/21IIROC Begins Disciplinary Action Against Former Montréal Investment Advisor Philippe BélisleType: Enforcement NoticeSubtype: Hearing
05/28/21IIROC Hearing Panel Issues Motion Decision in the Matter of Former Montréal Investment Advisor Philippe BélisleType: Enforcement NoticeSubtype: Decision
06/03/21IIROC Will Hold a Disciplinary Hearing in the Matter of Former Montréal Investment Advisor Philippe BélisleType: Enforcement NoticeSubtype: Hearing
07/15/21IIROC Hearing Panel Finds Former Montréal Investment Advisor Philippe Bélisle LiableType: Enforcement NoticeSubtype: Decision
07/27/21IIROC to Hold Penalty Hearing for Former Montréal Investment Advisor Philippe BélisleType: Enforcement NoticeSubtype: Hearing
10/28/21IIROC Imposes Sanctions on Philippe BélisleType: Enforcement NoticeSubtype: Decision