IN THE MATTER OF Alan Ferguson Hackett - Motion



    VANCOUVER, Feb. 2 /CNW/ - Following a motion hearing held on January 13,
2009, in Vancouver, British Columbia, a Hearing Panel of the Investment
Industry Regulatory Organization of Canada ("IIROC") ordered the following in
the matter of Alan Ferguson Hackett (the "Respondent"):

    
    (a) That the hearing of this matter be adjourned due to medical issues
        affecting Mr. Hackett until July 21 and 22, 2009; and

    (b) That Mr. Hackett shall not be entitled to apply for registration in
        any capacity until the resolution of this matter.

    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:

    (a) Between March 2001 and March 2007, Mr. Hackett, at all material times
        a Registered Representative with Canaccord Capital Corporation
        ("Canaccord"), a Member firm, arranged to borrow monies, totaling
        more than $1,500,000 from eleven parties, including three Canaccord
        clients and two Canaccord registrants. He then disbursed the majority
        of these monies to one or more third parties on the understanding
        that he would receive the disbursed money plus additional monies from
        another party or parties at a later date. Having acted in this
        manner, without any reasonable understanding or explanation for the
        disbursement of monies or for the expectation of receiving monies
        from another party(s), the Respondent acted contrary to IIROC Dealer
        Member Rule 29.1; and

    (b) Between November 2002 and March 2007, the Respondent, at all material
        times a Registered Representative at Canaccord, a Member Firm, acted
        contrary to IIROC Dealer Member Rule 29.1 in that he engaged in
        personal financial dealings with three Canaccord clients by borrowing
        monies from these clients without the knowledge or prior consent of
        Canaccord.
    

    IIROC formally initiated the investigation into Mr. Hackett's conduct on
May 8, 2007. The alleged violations occurred when he was a Registered
Representative with the 609 Granville Street Branch of Canaccord Capital
Corporation. He is no longer registered in any capacity with an IIROC Dealer
Member. The Hearing Panel issued its Order on January 13, 2009. The Order is
available at www.iiroc.ca.

    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:

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


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