IN THE MATTER OF John Anastasious Collias - Discipline



    VANCOUVER, June 16 /CNW/ - Following a disciplinary hearing held on May
12-13, 2009, in Vancouver, BC, a Hearing Panel of the Investment Industry
Regulatory Organization of Canada (IIROC) found that John Anastasious Collias
(the Respondent) breached Regulation 1300.1(a) as follows:

    
    (a)    In or about January and February 2005, the Respondent, at all
           material times a Registered Representative with Golden Capital
           Securities Ltd. (Golden), a Member Firm, failed to properly
           perform his role as a gatekeeper to the capital markets and acted
           contrary to Regulation 1300.1(a) by failing to make diligent
           inquiries to ensure that he learned about the essential facts of
           two clients with respect to the opening of their accounts; and

    (b)    In or about January and February 2005, the Respondent, at all
           material times a Registered Representative at Golden, a Member
           Firm, failed to properly perform his role as gatekeeper to the
           capital markets and acted contrary to Regulation 1300.1(a) by
           facilitating certain transactional activity in three client
           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.
    

    IIROC formally initiated the investigation into the Respondent's conduct
on August 29, 2006. The violations occurred when the Respondent was a
Registered Representative with the 1177 West Hastings Street Branch of Golden.
The Respondent is no longer a registrant with an IIROC-regulated firm. The
Hearing Panel issued its Decision and Reasons on May 26, 2009. A separate
hearing will be held in due course to determine the penalty to be imposed on
the Respondent.

    The Hearing Panel's Decision and Reasons 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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