IN THE MATTER OF Martin Fabi - Settlement



    TORONTO, Oct. 27 /CNW/ - On October 16, 2008, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) accepted a
Settlement Agreement between the IIROC Staff and Martin Fabi (the
"Respondent"). Pursuant to the Settlement Agreement, the Respondent admitted
that:

    
    (a) On December 31, 2007 the Respondent entered orders and executed
        trades on the TSX Venture Exchange that he ought reasonably to have
        known would create or could reasonably be expected to create an
        artificial sale price for six securities contrary to UMIR 2.2(2)(b)
        and Policy 2.2, for which he is liable under UMIR 10.4(1).

    Pursuant to the Settlement Agreement, the Hearing Panel imposed the
following penalty against the Respondent:

    (a) a fine of $15,000.00 payable by the Respondent to IIROC; and

    (b) costs of $5,000.00 payable by the Respondent to IIROC within 30 days
    

    The Regulator formally initiated the investigation into the Respondent's
conduct in February 2008. The violations occurred when the Respondent was a
Registered Representative with the Montreal Branch of MF Global Canada Co. The
Respondent is still within the industry in a registered capacity with MF
Global Canada Co.
    The Hearing Panel issued its Reasons and Decision verbally on October 16,
2008. The Settlement Agreement is available at www.iiroc.ca. The Hearing
Panel's Decision and Reasons will be available in the near future.

    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 or apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996 or jkehoe@iiroc.ca


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