IN THE MATTER OF Nancy Esson - Set Date

TORONTO , Nov. 27 /CNW/ - Notice is hereby given that an appearance will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), on Monday December 14, 2009 at the offices of IIROC, 121 King Street West , Suite 1600, Toronto , Ontario, at 10:00 am or as soon thereafter as the appearance can be held, to set the date for a disciplinary hearing in the matter of Nancy Esson (the "Respondent").

The proposed hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.

    
    The hearing concerns allegations that the Respondent:

    (a) In or about December 2004 to April 2005 as a Registered
        Representative of a Member of IIROC, engaged in business conduct or
        practice which is unbecoming or detrimental to the public interest in
        that she placed herself in a conflict of interest when she became a
        registered shareholder of securities, of an issuer, transferred to
        her by her client for no apparent consideration and then sold
        securities of the same issuer held by the same client to several of
        her other clients, contrary to IIROC Rule 29.1.

    (b) In or about December 2004 to April 2005, as a Registered
        Representative of a Member of IIROC, engaged in business conduct or
        practice which is unbecoming or detrimental to the public interest in
        that she executed approximately nine unauthorized trades in the
        accounts of four clients contrary to IIROC Rule 29.1.
    

The IDA formally initiated the investigation into the Respondent's conduct on January 23, 2006 . It is alleged that the violations occurred when the Respondent was a Registered Representative with the Toronto Branch of Secutor Capital Management Corp. The Respondent is no longer a registrant with an IIROC-regulated firm.

The hearing is open to the public, unless the Hearing Panel orders otherwise.

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.

For further information: Alex Popovic, Vice President, Enforcement, [phone], [email protected]; Jeff Kehoe, Director, Enforcement Litigation, [phone], [email protected]