IN THE MATTER OF Konstantinos Georgakopoulos - 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 Thursday, August 6, 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 Konstantinos Georgakopoulos (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 issued by an IIROC
disciplinary panel on May 20, 2009, 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, 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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