IN THE MATTER OF Ross Ewaniuk - Set Date

CALGARY, Sept. 25 /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, September 29, 2009 by teleconference at the IIROC boardroom, located at Suite 2300, 355-4 Avenue SW, Calgary, Alberta, at 10:00 am or as soon thereafter as possible, to set the date for a hearing in the matter of Ross Ewaniuk (the "Respondent").

The proposed 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:

    
    (a) Between 2004 and 2006, while employed as a Registered Representative
        (RR) at the Calgary office of Northern Securities Inc., a Member
        firm, the Respondent failed to perform his role as gatekeeper to the
        capital markets and/or engaged in business conduct or practice,
        contrary to Association By-law 29.1. and/or Regulation 1300.1, by
        facilitating and participating in certain transactional activity
        involving any, or all, of three (3) US companies, Pink Sheet or OTCBB
        traded securities (the Securities), in four (4) client accounts and
        the Respondent's corporate investment account, in circumstances which
        a reasonably diligent RR would have determined to be suspicious
        and/or deserving of further inquiry as to whether:

        (i)   the Securities were eligible for distribution by the seller or
              transferor and/or eligible for purchase or receipt by the
              clients' and the Respondent's corporate investment accounts, in
              accordance with the Alberta Securities Act and/or the British
              Columbia Securities Act or the securities laws of any other
              applicable jurisdiction;

        (ii)  the Securities were eligible for sale into the market from the
              clients' and the Respondent's corporate investment accounts, in
              accordance with the Alberta Securities Act and/or the British
              Columbia Securities Act or the securities laws of any other
              applicable jurisdiction; and

        (iii) the Securities were a legitimate investment and the receipt and
              sale of the Securities in the clients' accounts was in the best
              interests and suitable for the clients.

    (b) Between 2004 and 2006, while employed as a Registered Representative
        at the Calgary office of Northern Securities Inc., (NSI) a Member
        firm, the Respondent failed to observe high standards of ethics or
        conduct in the transaction of his business and/or engaged in business
        conduct or practice, contrary to Association By-law 29.1, in that he
        engaged in personal financial dealings with two (2) clients without
        disclosure to and approval of the Member firm NSI.

    (c) Between 2004 and 2006, while employed as a Registered Representative
        at the Calgary office of Northern Securities Inc., a Member firm, the
        Respondent failed to observe high standards of ethics or conduct in
        the transaction of his business and/or engaged in business conduct or
        practice, contrary to Association By-law 29.1, in that he provided or
        authorized the provision of a document to NSI purportedly evidencing
        payment for shares in circumstances where he knew or ought to have
        known that the document was non-genuine.
    

The IDA formally initiated the investigation into the Respondent's conduct on July 6, 2006. The violations occurred when the Respondent was a Registered Representative with the Calgary, Alberta, Branch of Northern Securities Inc. The Respondent is still a Registered Representative with the Calgary, Alberta branch of Northern Securities Inc., an IIROC-regulated firm.

The hearing is open to the public, unless the Hearing Panel orders otherwise.

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.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

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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