IN THE MATTER OF Victoria Jenset - Settlement



    TORONTO, May 13 /CNW/ - On May 7, 2009, a Hearing Panel of the Investment
Industry Regulatory Organization of Canada (IIROC) accepted a Settlement
Agreement between IIROC Staff and Victoria Jenset (the "Respondent"). Pursuant
to the Settlement Agreement, the Respondent admitted that:

    
    (a) In or about December 2004 to May 2005 Jenset, as a Registered
        Representative of a Member of IIROC, engaged in business conduct or
        practice which is unbecoming or detrimental to the public interest in
        that she became a registered shareholder of securities of an issuer
        for no apparent consideration, and subsequently permitted a non-
        registrant to perform "know your client" obligations for
        approximately four clients for whom she purchased securities of the
        same issuer, contrary to IIROC Rule 29.1.

    Pursuant to the Settlement Agreement, the Hearing Panel imposed the
following penalty against the Respondent:

           (i)   A fine in the amount of $10,000;

           (ii)  Close supervision for 12 months; and

           (iii) Successful completion of the Conduct and Practices Handbook
                 examination within 12 months from the effective date of the
                 Settlement Agreement.

    and required the Respondent to pay costs in the amount of $600.
    

    IIROC formally initiated the investigation into the Respondent's conduct
on January 23, 2006. It was alleged that the violations occurred when the
Respondent was a Registered Representative with the Toronto Branch of Secutor
Capital Management Corp. The Respondent is still within the industry in a
registered capacity with Wellington West Capital Inc., an IIROC-regulated
firm.
    The Settlement Agreement is available at www.iiroc.ca 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: 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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