IN THE MATTER OF Eric Couture - Discipline



    MONTREAL, Jan. 27 /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 March 31, and April 1, 2, 3 and 24, 2009 at 9:00 a.m. or
as soon thereafter as possible, at the Four Points by Sheraton, 475 Sherbrooke
Street West, Montréal, Québec, in the Mont-Blanc Room, to hear evidence and
submissions in the matter of Eric Couture (the Respondent).
    The 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:

    
    SECURITIES OTHER THAN MUTUAL FUND SECURITIES HELD OFF-BOOK
    ----------------------------------------------------------

    I.  In November, 2005, while in the employ of former Member firm iForum
        Securities Inc., the Respondent had under his responsibility the
        accounts of approximately 35 clients of B2B Trust, a federally
        chartered trust company, where said clients held promissory notes
        from MRACS Management Ltd. and Real Vest Investments Ltd., namely
        securities other than mutual fund securities, with an approximate
        book value of 1.5 million dollars, without said securities being
        recorded in the books of iForum Securities Inc., thereby engaging in
        business conduct unbecoming and contrary to Association By-law 29.1.

    FAILURE TO DISCLOSE A CONFLICT OF INTEREST
    ------------------------------------------

    II. Between December 2004 and October 2005, while employed with former
        Member firm iForum Securities Inc., the Respondent failed to inform
        his clients of the existence of a conflict of interest between iForum
        Securities Inc. and Mount Real Corporation before they purchased or
        renewed various promissory notes from MRACS Management Ltd. and Real
        Vest Investments Ltd., thereby engaging in business conduct
        unbecoming and contrary to By-law 29.1.
    

    IIROC initiated the investigation into the Respondent's conduct on March
17, 2006. The violations occurred while the Respondent was a Registered
Representative at the Montréal branch of iForum Securities Inc. Mr. Couture is
currently employed as a Registered Representative at the Laval Branch of
Laurentian Bank Securities Inc., an IIROC regulated firm.
    The Notice of Hearing is available at www.iiroc.ca. 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.

    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: Carmen Crépin, Vice President, Québec, (514)
878-2854, ccrepin@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416) 943-6996,
jkehoe@iiroc.ca


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