IN THE MATTER OF Peter Deruyter Van Hee - Penalty



    TORONTO, Feb. 27 /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 Tuesday, March 24, 2009, at the Telus Convention Center,
room 103, located at 120 - 9 Avenue SE Calgary, Alberta at 10:00 am or as soon
thereafter as possible, to determine the penalty to be imposed in the matter
of Peter Deruyter Van Hee (the "Respondent").
    The proposed hearing concerns matters for which the Respondent will be
disciplined as a Regulated Person of IIROC, a former Registrant of the IDA,
pursuant to Part 10 of IDA By-Law 20. The penalty imposed will pertain to
findings that the Respondent:

    
    (a) As the Designated Registered Options Principal of Union Securities
        Ltd (Union), failed to adequately supervise the account management
        and trading activities and maintain adequate supervision records
        (evidence) relating to two (2) client accounts of the Registered
        Options Representative, E. L., an employee of Union in Calgary,
        during the period October 2002 to March 2003; in contravention of
        Association Regulation 1300.1, 1300.2 and Policy No.2 and Bylaw
        29.1.; and

    (b) As the Designated Registered Options Principal of Union Securities
        Ltd., failed to adequately supervise the account management and
        trading activities and maintain adequate supervision records
        (evidence), relating to, all or any of, twelve (12) client accounts
        of the Registered Options Representative, S.B., an employee of Union
        in Regina, Saskatchewan, during the period 2002 to 2003; in
        contravention of Association Regulation 1300.2 and Policy No.2 and
        Bylaw 29.1.

    (c) As the Designated Registered Options Principal of Union Securities
        Ltd., failed to adequately supervise the account management and
        trading activities and maintain adequate supervision records
        (evidence), relating to one (1) client of the Registered Options
        Representative, J.E., an employee of Union in Calgary, during the
        period April 2001 to August 2003; in contravention of Association
        Regulation 1300.1, 1300.2 and Policy No.2 and Bylaw 29.1.

    (d) As the Designated Registered Options Principal of Union Securities
        Ltd., failed to adequately supervise the account management and
        trading activities and maintain adequate supervision records
        (evidence), relating to one (1) client account of the Registered
        Options Representative, R.L., an employee of Union in Moncton, New
        Brunswick, during the period September 2001 to May 2003; in
        contravention of Association Regulation 1300.1, 1300.2 and Policy
        No.2 and Bylaw 29.1.
    

    The IDA formally initiated the investigation into the Respondent's
conduct on October 14, 2004. The violations occurred when the Respondent was
the Designated Registered Options Principal with the Vancouver, British
Columbia head office branch of Union Securities Ltd. The Respondent is still
the Designated Registered Options Principal at the head office branch of Union
Securities Ltd in Vancouver, BC, 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890