Notice to public: Disciplinary hearing in the matter of Karl Mansour



    MONTREAL, Oct. 23 /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 Karl Mansour
may be disciplined. At all material times, Mr. Mansour was a registered
representative at the Montréal branch of Jones, Gable & Company Limited.

    
    The hearing will relate to allegations that:

    1.  On or about January 9, 2006, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the IDA, failed to use the necessary caution and due diligence to
        learn and keep informed of the essential facts relative to foreign
        client KS, by changing, at his own initiative, the investment
        objectives of this client, without having spoken to him since the
        account was opened, contrary to Regulation 1300.1 (a), read in light
        of By-law 29.1;

    2.  On or about January 24, 2006, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the IDA, gave instructions to record and deliver share certificates
        held in the investment account of foreign client KS on the
        instructions of a third party, without having on file the written
        authorization or ratification of this client, contrary to Regulation
        200.1(i)(3), read in light of By-law 17.2 and By-law 29.1;

    3.  On or about January 24, 2006, and on or about January 25, 2006, the
        Respondent, while a registered representative of Jones, Gable &
        Company Limited, a Member firm of the IDA, executed trades in the
        investment account of foreign client KS, without the knowledge or
        consent of this client, contrary to By-law 29.1;

    4.  The Respondent failed to disclose to the firm that employed him,
        Jones, Gable & Company Limited, that he maintained the following
        accounts for which he held a proxy and/or over which he had control:

        a)  Account no. 76-0960-5, held by foreign client SJ with Jones,
            Gable & Company Limited;
        b)  Account no. 76-0305-3, held by foreign client ND with Jones,
            Gable & Company Limited;
        c)  Account no. 310-31475-12, held by foreign client SB with another
            Member firm of the Association;
        d)  Account no. 310-32274-13, held by foreign client SJ with another
            Member firm of the Association,

        contrary to By-law 29.1

    5.  The Respondent engaged in discretionary trading in the accounts of
        foreign clients SJ and ND, without these accounts having been
        approved and designated as "discretionary" or "managed" accounts by
        the firm that employed him, Jones, Gable & Company Limited, contrary
        to Regulation 1300.4;

    6.  From February to October 2004, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the IDA, gave instructions to effect trades in the account of foreign
        client SJ, held with another Member firm of the IDA, without
        obtaining the written authorization of this client, contrary to
        Regulation 1300.4 and Regulation 1300.5 of the IDA.
    

    Karl Mansour is still in the employ of Jones, Gable & Company Limited.
    The hearing will commence at 10:00 a.m. on November 13, 2007, at 1 Place
Ville-Marie, Suite 2802, Montréal, Québec. 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 made available.

    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 its approved persons. Investigating complaints and
disciplining members and approved persons are 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; Jeffrey Kehoe, Director, Enforcement Litigation,
(416) 943-6996 or jkehoe@ida.ca

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IDA

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INVESTMENT DEALERS ASSOCIATION OF CANADA

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