In the Matter of Golden Capital Securities Ltd. - Appeal



    VANCOUVER, April 27 /CNW/ - On March 13, 2009 the British Columbia
Securities Commission (BCSC) heard the appeal of the November 26, 2007,
January 7, 2008, and April 19, 2008 decisions of a Hearing Panel of the
Investment Dealers Association of Canada (IDA) in the matter of Golden Capital
Securities Ltd.
    The BCSC released its decision on April 9, 2009. The BCSC denied the
appeal.
    Golden Capital Securities Ltd. has indicated that it intends to seek
leave to appeal the BCSC decision to the Court of Appeal for British Columbia.
    The BCSC decision is available at www.bcsc.bc.ca. The Hearing Panel's
decisions are 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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