Investment Industry Regulatory Organization of Canada - In the matter of John Anastasious Collias



    VANCOUVER, July 15 /CNW/ - The Investment Industry Regulatory
Organization of Canada (IIROC) announced today that a hearing will be held
before a Hearing Panel of the Investment Dealers Association of Canada
("IDA"), on July 28, 2008, at Reportex Agencies, 925 West Georgia Street,
Suite 1010, Vancouver, BC, at 10:00 am or as soon thereafter as possible, to
hear evidence and submissions in the matter of John Anastasious Collias (the
"Respondent").
    The hearing concerns matters for which the Respondent may be disciplined
as a Registrant of the IDA, pursuant to Part 10 of IDA By-Law 20.

    
    The hearing relates to allegations that:

    1.  In or about January and February 2005, the Respondent, at all
        material times a Registered Representative with Golden Capital
        Securities Ltd., ("Golden") a Member firm, failed to properly perform
        his role as a gatekeeper to the capital markets and acted contrary to
        IDA By-law 29.1 and/or IDA Regulation 1300.1 (a) by failing to make
        diligent inquiries to ensure that he learned about the essential
        facts of two clients with respect to the opening of their accounts.

    2.  In or about January and February 2005, the Respondent, at all
        material times a Registered Representative at Golden, a Member Firm,
        failed to properly perform his role as gatekeeper to the capital
        markets and acted contrary to IDA By-law 29.1 and/or IDA Regulation
        1300.1 (a) by facilitating certain transactional activity in three
        client accounts without making diligent inquiries to ensure the
        legitimacy of the transactions in circumstances which should have
        called the transactional activity into question because it was
        peculiar, suspicious or appeared to be consistent with market
        manipulation, deception or other improper market related activity.
    

    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
http://www.iiroc.ca/English/Enforcement/Notices/Pages/Hearing.aspx.

    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: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or wfunt@iiroc.ca; Andrew Werbowski, Enforcement Counsel, (416)
943-5789 or awerbowski@iiroc.ca


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