Northern Receives Notice of Hearing from IIROC
TORONTO, Jan. 30, 2013 /CNW/ - Northern Financial Corporation (TSX-V: NFC) ("Northern Financial" or the "Company") announced that its wholly-owned subsidiary, Northern Securities Inc. ("NSI") today received a notice (the "Notice") from the Investment Industry Regulatory Organization of Canada ("IIROC") that a set-date hearing has been scheduled for Thursday, February 7, 2013 for the purpose of seeking a date for a future hearing to deal with certain allegations by IIROC staff concerning NSI's risk-adjusted capital and its financial controls.
NSI will be preparing a response to the Notice that will be provided to IIROC.
About Northern Financial Corporation
Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies.
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SOURCE: Northern Financial CorporationFor further information:
Director of Business Development