On March 14, 2013, a hearing panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement between the IIROC staff, and Marc Dalpé and Jean-Marc Milette.
Dalpé and Milette admitted they engaged in securities-related activities without recording them in their employer’s books.
Pursuant to the agreement, both agreed to the following penalties:
(a) A fine of $15,000 each;
(b) For Dalpé, disgorgement of $75,000 representing the profits realized by reason of the violations;
(c) For Milette, disgorgement of $52,468 representing the profits realized by reason of the violations.
Dalpé and Milette also have to pay costs in the amount of $10,000.
Read the settlement agreement.
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