TORONTO, Feb. 6 /CNW/ - Notice is hereby given that a hearing will be
held before a Hearing Panel of the Investment Industry Regulatory Organization
of Canada (IIROC), on Tuesday, February 17, 2009 at Boardroom No.2, Investment
Industry Regulatory Organization of Canada, located at 121 King St. West,
Suite 1600, Toronto, Ontario, at 10:00 am or as soon thereafter as the hearing
can be held, to consider whether, pursuant to section 20.36 of IIROC Dealer
Member Rule, the Hearing Panel should accept a Settlement Agreement entered
into between Staff of IIROC and Credit Suisse Securities (Canada) Inc. (the
The subject matter of the proposed Settlement Agreement concerns an
(a) On September 17 and 18, 2008, Credit Suisse Securities (Canada) Inc.
failed to maintain risk adjusted capital at a level greater than zero
as calculated in accordance with Form 1 and thereby contravened IIROC
Dealer Member Rule 17.1.
IIROC formally initiated the investigation into the Respondent's conduct
on December 9, 2008.
The hearing is not open to the public unless and until the Settlement
Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts
the Settlement Agreement, the Hearing Panel's decision and reasons will be
made available to the public.
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
For further information:
For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, email@example.com; Jeff Kehoe, Director, Enforcement, (416)