IN THE MATTER OF TD Securities Inc., Kenneth Nott, Aidin Sadeghi, Christopher
Kaplan, Robert Nemy and Jake Poulstrup - Discipline

TORONTO, Sept. 23 /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 Monday, December 7, 2009 at IIROC, Main Boardroom, 145 King Street West, Suite 900, Toronto, Ontario, at 10:00 a.m. or as soon thereafter as possible, to hear evidence and submissions in the matter of TD Securities Inc., Kenneth Nott, Aidin Sadeghi, Christopher Kaplan, Robert Nemy and Jake Poulstrup (the "Respondents").

The hearing concerns matters for which the Respondents may be disciplined as Regulated Persons, pursuant to Part 10.5 of the Universal Market Integrity Rules.

    
    The hearing concerns the following allegations:

    (a)  Between May 2005 and October 2005, TD Securities Inc. failed to
         comply with its trading supervision obligations contrary to UMIR 7.1
         and Policy 7.1;

    (b)  Between May 2, 2005 and October 26, 2005, Nott contravened
         UMIR 2.2(2)(b) and UMIR Policy 2.2 for which he is liable under
         UMIR 10.4(1);

    (c)  Between June 1, 2005 and October 27, 2005, Sadeghi contravened
         UMIR 2.2(2)(b) and UMIR Policy 2.2 for which he is liable under
         UMIR 10.4(1);

    (d)  Between May 12, 2005 and October 27, 2005, Kaplan contravened
         UMIR 2.2(2)(b) and UMIR Policy 2.2 for which he is liable under
         UMIR 10.4(1);

    (e)  Between May 2, 2005 and October 31, 2005, Nemy contravened
         UMIR 2.2(2)(b) and UMIR Policy 2.2 for which he is liable under
         UMIR 10.4(1); and

    (f)  Between May 10, 2005 and August 29, 2005, Poulstrup contravened
         UMIR 2.2(2)(b) and UMIR Policy 2.2 for which he is liable under
         UMIR 10.4(1).
    

IIROC formally initiated the investigation into the Respondents' conduct on January 17, 2006. The alleged violations occurred when the individual Respondents were Registered Representatives with TD Securities Inc. The individual Respondents are no longer registrants with an IIROC-regulated firm. TD Securities Inc. is 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.

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

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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