IN THE MATTER OF Julius Caesar Philip Vitug - Discipline



    TORONTO, April 20 /CNW/ - Following a disciplinary hearing held on
February 23, 25 and 26, 2009, in Toronto, Ontario, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada ("IIROC") found that
Julius Caesar Phillip Vitug (the "Respondent") was liable as follows:

    
    (a) In or about April 2003 to August 2005 the Respondent 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
    

    The IDA formally initiated the investigation into the Respondent's
conduct on August 4, 2005. The violation occurred when the Respondent was a
Registered Representative with the Toronto Branches of TD Waterhouse Canada
Inc. and Blackmont Capital Inc. The Respondent is still within the industry in
a registered capacity with Blackmont Capital Inc, an IIROC-regulated firm.
    The Hearing Panel issued its Decision and Reasons on March 31, 2009. A
separate hearing will be held 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: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996, jkehoe@iiroc.ca


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