In the matter of Ron Aloni - Discipline



    VANCOUVER, Sept. 16 /CNW/ - Following a disciplinary hearing held on
March 6, 2008, in Vancouver, British Columbia, a Hearing Panel of the
Investment Dealers Association of Canada ("IDA") found that Ron Aloni (the
"Respondent"):

    
    (a) failed to observe high standards of conduct in the transaction of his
        business and engaged in business conduct or practice which was
        detrimental to the public interest, contrary to By-law 29.1 by
        facilitating the purchase of shares of two private companies in the
        RRSP accounts of as many as 35 clients in Non-Brokered Private
        Placement (NBPP) transactions without making any reasonable inquiries
        to determine whether the NBPPs were a legitimate investment in
        circumstances which a reasonably diligent RR would have determined to
        be suspicious or deserving of further inquiry.

    A penalty hearing was held on June 10, 2008. The Hearing Panel imposed the
following penalties against the Respondent:

    (a) a suspension for a period of 30 days;

    (b) a fine of $10,000;

    and required the Respondent to pay costs in the amount of $5,000.
    

    The IDA formally initiated the investigation into the Respondent's
conduct on April 7, 2005. The violations occurred when the Respondent was a
Registered Representative with the 601 West Hastings Street Branch of Raymond
James Ltd. Mr. Aloni is currently registered with the 1140 West Pender Street
Branch of Leede Financial Markets Inc.
    The Hearing Panel issued its Decision and Reasons on the merits on April
11, 2008, and its Decision and Reasons on penalty on July 22, 2008. The
Hearing Panel's Decision and Reasons are 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: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or wfunt@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416)
943-6996 or jkehoei@iiroc.ca


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