TORONTO, Feb. 6 /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 Monday February 23rd, 2009 at Legal Transcript Services,
390 Bay Street, 11th Floor, Suite 1102, Toronto, ON, at 10 am or as soon
thereafter as possible, to hear evidence and submissions in the matter of
Julius Caesar Philip Vitug (the "Respondent").
The proposed hearing concerns matters for which the Respondent may be
disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC
Dealer Member Rule 20.
The hearing concerns allegations that the Respondent:
(a) In or about April 2003 to August 2005 engaged in business conduct
or practice which is unbecoming or detrimental to the public
interest in that he had an undisclosed financial interest
and undisclosed financial dealings in accounts, including accounts
held at another member firm, of two of his clients, in violation of
IDA By-law 29.1.
IIROC formally initiated the investigation into the Respondent's conduct
on August 4, 2005. The alleged violations occurred when the Respondent was a
Registered Representative with the Toronto Branches of TD Waterhouse Canada
Inc. and Blackmont Capital Inc. The Respondent is currently a registrant with
Blackmont Capital Inc., an IIROC-regulated firm.
The hearing is open to the public, unless the Hearing Panel orders
otherwise. The Notice of Hearing 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
For further information:
For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416)