TORONTO, June 19 /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, June 24, 2009 at Legal Transcript Services,
located at 390 Bay Street, Suite 1102, Toronto, Ontario, at 10:00 a.m. or as
soon thereafter as possible, to determine the penalty to be imposed in the
matter of Julius Caesar Philip Vitug (the "Respondent").
The proposed hearing concerns matters for which the Respondent will be
disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC
Dealer Member Rule 20.
The penalty imposed will pertain to findings 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 violations occurred when the Respondent was a
Registered Representative with the Toronto Branch 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 Hearing Panel's decision and reasons will be made available to
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)