/C O R R E C T I O N from Source -- Investment Dealers Association of Canada/



    This release updates and replaces c2486 transmitted on March 14, 2007.
    Full corrected copy follows:

    NOTICE TO PUBLIC: SET DATE APPLICATION

    IN THE MATTER OF PETER DERUYTER VAN HEE

    CALGARY, March 15 /CNW/ - The Investment Dealers Association of Canada
(IDA) announced today that a hearing will be held before a Hearing Panel
appointed pursuant to By-law 20 in respect of matters for which Peter Deruyter
Van Hee, may be disciplined. At all material times, Peter Deruyter Van Hee was
an Approved Person employed with the Vancouver British Columbia Head Office of
Union Securities Ltd., a Member of the IDA.
    The hearing shall be for the purpose of allowing the parties to make a
request to the hearing panel to set a date for the disciplinary hearing and
fix dates for the completion of procedural steps prior to the disciplinary
hearing.
    The allegations of misconduct for determination at the disciplinary
hearing are, as follows:

    
    -   The Respondent, as the Designated Registered Options Principal,
        failed to adequately supervise the account management and trading
        activities, and maintain adequate supervision records (evidence)
        relating to two (2) client accounts of the Registered Options
        Representative, E. L., an employee of Union in Calgary, during the
        period October 2002 to March 2003; in contravention of Regulation
        1300.1, 1300.2 and Policy No.2 and By-law 29.1.

    -   The Respondent, as the Designated Registered Options Principal,
        failed to adequately supervise the account management and trading
        activities, and maintain adequate supervision records (evidence),
        relating to, all or any of, twelve (12) client accounts of the
        Registered Options Representative, S.B., an employee of Union in
        Regina, Saskatchewan, during the period 2002 to 2003; in
        contravention of Regulation 1300.2 and Policy No.2 and By-law 29.1.

    -   The Respondent, as Designated Registered Options Principal, failed to
        adequately supervise the account management and trading activities,
        and maintain adequate supervision records (evidence), relating to one
        (1) client of the Registered Options Representative, J.E., an
        employee of Union in Calgary, during the period April 2001 to August
        2003; in contravention of Regulation 1300.1, 1300.2 and Policy No.2
        and By-law 29.1.

    -   The Respondent, as Designated Registered Options Principal, failed to
        adequately supervise the account management and trading activities,
        and maintain adequate supervision records (evidence), relating to one
        (1) client account of the Registered Options Representative, R.L., an
        employee of Union in Moncton, New Brunswick, during the period
        September 2001 to May 2003; in contravention of Regulation 1300.1,
        1300.2 and Policy No.2 and By-law 29.1.

    -   The Respondent, as Designated Registered Options Principal, failed to
        adequately supervise the account management and trading activities,
        and maintain adequate supervision records (evidence), relating to one
        (1) client account of the Registered Options Representative, T.P., an
        employee of Union in Toronto, Ontario, during the period September
        2001 to February 2003; in contravention of Regulation 1300.1, 1300.2
        and Policy No.2 and By-law 29.1.
    

    The hearing date and schedule for other procedural steps will be spoken
to and fixed by a Hearing Panel at 10:00 a.m., on, Thursday, March 28, 2007 at
the office of the Investment Dealers Association of Canada, located at 2300,
355 - 4th Avenue SW Calgary, Alberta. The hearing is open to the public except
as may be required for the protection of confidential matters. Copies of the
decision of the Hearing Panel will be made available.
    The Investment Dealers Association of Canada (IDA) is the national
self-regulatory organization of the securities industry. The IDA's mission is
to protect investors, foster market integrity and enhance the efficiency and
competitiveness of the Canadian capital markets. The IDA enforces rules and
regulations regarding the sales, business and financial practices of its
Member firms and their approved persons. Investigating complaints and
disciplining Members and approved persons is part of the IDA's regulatory
role.





For further information:

For further information: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or wfunt@ida.ca; Jeffrey Kehoe, Director, Enforcement
Litigation, (416) 943-6996 or jkehoe@ida.ca

Organization Profile

IDA

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INVESTMENT DEALERS ASSOCIATION OF CANADA

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