IN THE MATTER OF John Anastasious Collias - Penalty



    VANCOUVER, June 16 /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, July 29, 2009, at Reportex Agencies Ltd.,
located at 925 W. Georgia Street, Suite 1010, Vancouver, British Columbia, at
10:00 a.m. or as soon thereafter as possible, to determine the penalty to be
imposed in the matter of John Anastasious Collias (the Respondent).
    The proposed hearing concerns matters for which the Respondent will be
disciplined as an Approved Person of IIROC, pursuant to Part 10 of IIROC
Dealer Member Rule 20.
    The penalty imposed will pertain to findings that:

    
    (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
        Association 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 Association 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 registered in any capacity with an IIROC-regulated
firm.
    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: 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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