Marc Beaudoin fined $50,000 and permanently banned from approval for failing to cooperate



    MONTREAL, June 20 /CNW/ - A Hearing Panel of the Investment Dealers
Association of Canada (IDA), appointed pursuant to By-law 20, has imposed
discipline penalties on Marc Beaudoin, formerly a Registered Representative
with the Montreal branch office of Research Capital Corporation, a Member of
the IDA.
    Following a disciplinary hearing held on May 8, 2007, the Hearing Panel
found that Mr. Beaudoin had violated By-law 19.5 by refusing to appear and
give information before the persons conducting an investigation.
    The Hearing Panel noted that failure to cooperate in an IDA investigation
is serious misconduct because it subverts the IDA's ability to perform its
functions.
    For his misconduct, Mr. Beaudoin has been fined $50,000 and must pay
$6,115.09 in costs. He has also been assessed a permanent ban on approval in
any capacity with an IDA Member firm.
    Mr. Beaudoin has not been registered with an IDA Member firm since
January 30, 2006.
    For a complete summary of facts, please see IDA Bulletin 3638 at
www.ida.ca or www.accovam.ca.

    The Investment Dealers Association of Canada (IDA) is the national
self-regulatory organization of the securities industry. The IDA's mission is
to protect investors, foster market integrity and enhance the efficiency and
competitiveness of the Canadian capital markets. The IDA enforces rules and
regulations regarding the sales, business and financial practices of its
Member firms and their approved persons. Investigating complaints and
disciplining Members and approved persons is part of the IDA's regulatory
role.




For further information:

For further information: Carmen Crépin, Vice-President, Québec, (514)
878-2854 or ccrepin@ida.ca; Jeff Kehoe, Director, Enforcement Litigation,
(416) 943-6996 or jkehoe@ida.ca

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INVESTMENT DEALERS ASSOCIATION OF CANADA

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