MONTREAL, Sept. 10 /CNW/ - On July 24, 2008, Stéphane Rail filed a notice
of appeal with an appeal panel against the decision of the Hearing Panel of
the Investment Dealers Association of Canada (IDA) dated June 25, 2008 in the
matter of Stéphane Rail.
The IDA formally initiated the investigation into the Respondent's
conduct on June 22, 2005. The violations occurred while the Respondent was a
Registered Representative at the Ste-Foy branch of TD Securities Inc. Since
2002, Mr. Rail has worked as a branch manager with Canaccord Capital
Corporation., Suite 2940, 2600 Laurier Blvd., Ste-Foy, G1V 4M6.
The decision under appeal may be viewed 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
For further information:
For further information: Carmen Crépin, Vice President, Québec, (514)
878-1625 or firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement, (416)
943-6996 or email@example.com