A counselor guilty of allowing a client to subscribe for shares in a cooperative in which he himself has an interest is canceled for 12 months. It also scoop $ 20 000 in fines and must make payment of disbursements.

This is Marc Beaudoin, who at the material time, was operating as a financial advisor, representative in insurance of persons, advisor insurance and annuities to individuals and financial planner in the Sherbrooke area.

On three occasions from December 2002 to September 2004, Marc Beaudoin failed to operate with integrity, competence and loyalty to his client, now deceased, by making him buy more units or shares of both organizations which he himself has an interest in amounts totaling $ 65 000. He also exercised pressure on the liquidator of the succession of client to withdraw her complaint, as judged by the disciplinary committee of the Chamber of Financial Security (CSF).


“Marc Beaudoin was convicted of failing to prioritize the interests of his client by making him take out a line of credit and an investment loan so that subscriptions were not in the interest of the latter, given its financial situation and investment objectives. He was also convicted of the same transferred to a client investment to another fund while the placement does not reflect its financial situation and investment objectives, “said the CSF in a statement.

It is important not to confuse Marc Beaudoin with another person with the same name, is an investment representative at Promutuel Capital Financial Services Firm whose activities are in Saint-Jerome.

Related posts:

1. Removed three months for prioritized his personal interest
2. Removed for misappropriating $ 6,000 from a client
3. A conflict of interest resulting radiation immediate provisional
4. Removed for borrowing $ 250 thousand to eight customers
5. Guilty of counseling without certification
6. Skip to fees: sell some of its customers or not?
7. One month of radiation to a forged signature
8. Struck out three months for dishonesty
9. Removed 10 years for embezzling money from his mother
10. Removed 10 years for embezzling money from his mother