The New Brunswick District Council of the Investment Dealers Association of Canada has permanently barred Jean Vienneau, a former rep and branch manager and the Bathurst office of Midland Walwyn Capital Inc.
On November 19, 2002, the District Council accepted a settlement agreement in which Vienneau admitted that he had facilitated the participation of certain clients in private placements without the knowledge or consent of the Midland Walwen, and that he engaged in personal financial dealings with a client by jointly purchasing a unit of a private placement without the knowledge or consent of the firm.
Vienneau is fined $15,000, and is permanently barred from approval in any capacity with any member of the IDA. Vienneau is also required to pay $7,500 in investigation costs.
For a complete summary of facts, please see IDA Bulletin No. 3080 at www.ida.ca.