IN THE MATTER OF Eric Couture - Settlement



    MONTREAL, Sept. 2 /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 Wednesday, September 16th, 2009 in the IIROC Boardroom,
located at 5 Place Ville-Marie, Suite 1550, Montreal, Quebec, at 10:00 a.m. or
as soon thereafter as the hearing can be held, to consider whether, pursuant
to IIROC Dealer Member Rule 20.36, the Hearing Panel should accept a
Settlement Agreement entered into between IIROC Staff and Eric Couture (the
"Respondent").
    The subject matter of the proposed Settlement Agreement concerns
allegations that:

    
    (a) In November 2005, while in the employ of former Member firm iForum
        Securities Inc., the Respondent was responsible for the accounts of
        about 35 clients with B2B Trust, a federally-chartered trust company,
        where such clients held promissory notes of MRACS Management Limited
        and Real Vest Investments Inc., being securities other than mutual
        fund securities, having an approximate book value of $1.5 million,
        although such securities were not recorded in the books of iForum
        Securities Inc., thereby engaging in business conduct unbecoming,
        contrary to By-law 29.1.

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

    IIROC formally initiated the investigation into the Respondent's conduct
on March 17, 2006. It was alleged that the violations occurred when the
Respondent was a Registered Representative with the Montreal 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 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
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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