IN THE MATTER OF Questrade Inc. - Discipline



    TORONTO, April 3 /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, April 28, 2009 at Legal Transcript Services,
located at 390 Bay Street, 11th Floor, Suite 1102, Toronto, ON at 10:00 a.m.
or as soon thereafter as possible, to hear evidence and submissions in the
matter of Questrade Inc. (the "Respondent").
    The hearing concerns matters for which the Respondent may be disciplined
as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member
Rule 20.

    
    The hearing concerns allegations that the Respondent:

    (a)  From December 2006 to the present, advertised margin rates below
         those prescribed by IDA and IIROC minimum standards despite being
         advised by regulatory Staff not to do so and has thereby engaged in
         business conduct unbecoming a Member Firm or Dealer Member contrary
         to IDA By-law 29.1 and Dealer Member Rule 29.1;

    and

    (b)  From December 2006 to the present, failed to obtain required margin
         from its clients as required by IDA By-law 17.11 and IIROC Dealer
         Member Rule 17.11 despite being advised by regulatory Staff to do so
         and has thereby engaged in business conduct unbecoming a Member Firm
         or Dealer Member contrary to Association By-law 29.1 and Dealer
         Member Rule 29.1;
    

    IDA formally initiated the investigation into the Respondent's conduct on
May 14, 2007. The Respondent is currently 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. The Notice of Hearing is 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: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904, apopovic@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996, jkehoe@iiroc.ca


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