In the matter of MF Global Canada Co. - Settlement



    VANCOUVER, Jan. 22 /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, January 28, 2009, at UBC Robson Square, 800
Robson Street, Vancouver, BC, at 10:00 a.m. or as soon thereafter as the
hearing can be held, to consider whether, pursuant to Section 20.36 of IIROC
Dealer Member Rule, the Hearing Panel should accept a Settlement Agreement
entered into between Staff of IIROC and MF Global Canada Co. (the
"Respondent").
    The subject matter of the proposed Settlement Agreement concerns
allegations that between October and November 2005: (i) the Respondent allowed
SZ to act as an advisor and trade in foreign exchange contracts in British
Columbia on behalf of three client accounts without SZ being registered in
British Columbia in any capacity; and (ii) the Respondent failed to provide
the same three clients with the requisite disclosure regarding the referral
fees that the Respondent paid SZ in relation to their accounts.
    IIROC formally initiated the investigation into the Respondent's conduct
on September 4, 2007. It was alleged that the violations took place at the
Respondent's 650 West Georgia Street, Vancouver, branch office. The Respondent
is an IIROC regulated firm.
    The hearing is not open to the public unless and until the Settlement
Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts
the Settlement Agreement, 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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