IN THE MATTER OF Konstantinos Georgakopoulos - Discipline



    VANCOUVER, June 16 /CNW/ - Following a disciplinary hearing held on
December 1-5 and 8-10, 2009, in Vancouver, BC, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada ("IIROC") found that:

    
    (a) between January and December 2004, the Respondent, at all material
        times a Registered Representative ("RR") at Golden Capital Securities
        Ltd. ("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 certain 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; and

    (b) between January and December 2004, the Respondent, at all material
        times an RR at Golden, a Member Firm, failed to properly perform his
        role as gatekeeper to the capital markets and acted contrary to
        Association By-Law 29.1 by failing to observe the high standards of
        ethics and conduct in the transaction of his business by facilitating
        certain transactional activity in certain 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 an RR with
the 1177 West Hastings Street Branch of Golden. The Respondent is currently
registered with the 595 Burrard Street Branch of Global Securities
Corporation.
    The Hearing Panel issued its Decision and Reasons on May 20, 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: 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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