IN THE MATTER OF First Canada Capital Partners Inc. and Mark Andrew Wiltshire - Settlement



    VANCOUVER, April 17 /CNW/ - On April 3, 2009, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) accepted a
Settlement Agreement between IIROC Staff and First Canada Capital Partners
Inc. and Mark Andrew Wiltshire (the "Respondents"). Pursuant to the Settlement
Agreement, the Respondents admitted that between approximately May 2007 and
March 2008, the Respondents allowed First Canada Capital Partners Inc.'s Chief
Compliance Officer to work from home two days a week and thereby failed to
adhere to a condition regarding the implementation of a supervisory structure
at First Canada Capital Partners Inc. which was mandated by the Pacific
District Council when it approved a change in ownership at First Canada
Capital Partners Inc., and thereby breached Dealer Member Rule 38.13, and
engaged in business conduct or practice which was unbecoming or detrimental to
the public interest contrary to Dealer Member Rule 29.1.

    Pursuant to the Settlement Agreement, the Hearing Panel imposed the
following penalty against the Respondents:

    (a) a joint fine of forty thousand dollars ($40,000).

    IIROC formally initiated the investigation into the Respondents' conduct
on March 11, 2008. The violations occurred when Mr. Wiltshire was the
President and UDP of First Canada Capital Partners Inc. Mr. Wiltshire is
currently employed as President and UDP with the Vancouver, British Columbia
Branch of First Canada Capital Partners Inc., an IIROC-regulated firm.
    The Hearing Panel will issue its Reasons and Decision in due course. The
Settlement Agreement 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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