Notice to public: Disciplinary hearing in the matter of André Bergeron



    MONTREAL, Feb. 4 /CNW/ - The Investment Dealers Association of Canada
(IDA) announced today that a hearing will be held before a Hearing Panel
appointed pursuant to By-law 20, in respect of matters for which
André Bergeron may be disciplined. At all material times, Mr. Bergeron was a
registered representative at the Montréal, Québec branch of Desjardins
Securities Inc. Mr. Bergeron is currently employed with Union Securities Ltd.

    
    The hearing will relate to allegations that:

    1.  Between November 2001 and May 2002, the Respondent, while a
        Registered Representative of Desjardins Securities Inc., a Member
        firm of the Association, failed to use due diligence to remain
        informed of the essential facts relative to the identification of 45
        new clients, when he opened delivery against payment (DAP) accounts
        at Desjardins Securities Inc., for accounts held at B2B Trust,
        without having met the clients, thereby contravening Regulation
        1300.1(a), read in light of By-law 29.1;

    2.  Between November 2001 and May 2002, the Respondent, while a
        Registered Representative of Desjardins Securities Inc., a Member
        firm of the Association, engaged in conduct or a business practice
        unbecoming a registered representative and failed to exercise his
        role to protect the public by voluntarily turning a blind eye,
        contrary to By-law 29.1, when he systematically opened 47 new
        delivery against payment accounts at Desjardins Securities Inc. for
        accounts held at B2B Trust, at the request of a third party, without
        meeting or speaking with each of the clients, when he knew or should
        have known that the circumstances surrounding the new client
        applications was or could be an indicator of suspicious activity or
        activity contrary to the clients' interest;

    3.  Between November 2001 and May 2002, the Respondent, while a
        Registered Representative of Desjardins Securities Inc., a Member
        firm of the Association, engaged in conduct unbecoming a registered
        representative or detrimental to the public interest, contrary to
        By-law 29.1, by being the registered representative for 47 off-book
        accounts at B2B Trust, valued at approximately $1,418,256, without
        the knowledge or consent of Desjardins Securities Inc.;

    4.  Between November 2001 and May 2002, the Respondent, while a
        Registered Representative of Desjardins Securities Inc., a Member
        firm of the Association, engaged in conduct unbecoming a registered
        representative or detrimental to the public interest, contrary to
        By-law 29.1, by neglecting to advise 47 clients for whom he had
        opened delivery against payment accounts at Desjardins Securities
        Inc. for accounts held with B2B Trust, under the following
        circumstances:

        a) during the purchase of private investments by two of his clients
           while he was their registered representative, when he knew or
           should have known that the circumstances surrounding the private
           investments was or could be an indicator of suspicious activity or
           activity contrary to the clients' interest;

        b) by holding accounts, most of which contained private investments
           purchased by his clients, when he knew or should have known that
           the circumstances surrounding these private investments were or
           could be an indicator of suspicious activity or activity contrary
           to the clients' interest.
    

    The hearing is scheduled to commence at 10:00 a.m. on March 26, 2008, at
the Barreau du Québec, 445 St-Laurent Blvd, Montréal, Québec, Room 355. The
hearing is open to the public except as may be required for the protection of
confidential matters. Copies of the decision of the Hearing Panel will be
distributed.

    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 are part of the IDA's regulatory
role. It is IDA policy to ensure that, where relevant, referrals to the
appropriate policing authority are made.





For further information:

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

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INVESTMENT DEALERS ASSOCIATION OF CANADA

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