IN THE MATTER OF Stéphane Rail - Penalty



    MONTREAL, Feb. 26 /CNW/ - Notice is hereby given that a hearing will be
held before a Hearing Panel of the Investment Industry Regulatory Organization
of Canada, on Thursday, March 12, 2009, at 10 a.m. or as soon thereafter as
possible, at the Four Points by Sheraton, 475 Sherbrooke St. W., Montréal,
Québec, in the Mont-Blanc Room, to determine the penalties to be imposed in
the matter of Stéphane Rail (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 sanctions imposed will pertain to findings that the Respondent:

    (a) was found guilty of the violations alleged in counts 1(a) and 3 of
        the Notice of Hearing ;

    (b) was found guilty of the violations alleged in counts 4, 5 and 6 of
        the Notice of Hearing, after entering a guilty plea on these counts.
    

    IIROC 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, Québec branch of TD Securities Inc. Since 2002,
the Respondent has been employed as a branch manager at the Ste-Foy branch of
Canaccord Capital Corporation, 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: Carmen Crépin, Vice President, Québec, (514)
878-2854, ccrepin@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