IN THE MATTER OF Daniel Murray Trenholm - Discipline



    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), beginning on Monday, May 11, 2009 at The Prince George
Hotel, located at 1725 Market St., Halifax, Nova Scotia, at 10:00 a.m. or as
soon thereafter as possible, to hear evidence and submissions in the matter of
Daniel Murray Trenholm.
    The hearing concerns matters for which the Mr. Trenholm may be
disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC
Dealer Member Rule 20.

    
    The hearing concerns allegations that Mr. Trenholm:

    (a) During the period October 2001 to February 2004, failed to properly
        perform his role as a gatekeeper in the capital markets, contrary to
        Rule 29.1 (then By-law 29.1) and Rule 1300.1(a) (then Regulation
        1300.1(a))when dealing with a group of related clients by:

        (i)   facilitating certain transactional activity in five related
              accounts without making diligent inquiries to ensure the
              legitimacy of the transactions in circumstances which should
              have called the transactional activity into question because it
              was peculiar, suspicious or appeared to be consistent with
              market manipulation, deception or other improper market related
              activity.

    (b) During the period October 2001 to February 2004, accepted trading
        instructions in respect of four client accounts from a person not
        authorized in writing to provide such instructions for those
        accounts, contrary to Association Rule 200.1(i)(3) (then, Regulation
        200.1(i)(3)).
    

    IIROC formally initiated the investigation into Mr. Trenholm's conduct in
June 2006. It is alleged that the violations occurred when the Respondent was
a Registered Representative with the Halifax, Nova Scotia Branches of Lynch
Investments Ltd. and Acadian Securities Inc. The Respondent is currently a
registrant with Jennings Capital Inc., an IIROC-regulated firm.
    The hearing is open to the public, unless the Hearing Panel orders
otherwise. The Hearing Panel's decision and reasons will be made available to
the public. The Notice of Hearing 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: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996, jkehoe@iiroc.ca


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