VANCOUVER, Feb. 7 /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 Mr. Lotz, at
all material times the Chief Financial Officer of Golden Capital Securities
Ltd., may be disciplined.
The hearing relates to allegations that contrary to By-law 29.1, in or
around April 2002 Mr. Lotz completed and then submitted, or caused to be
submitted to the IDA a Form 1-U-2000 Uniform Application for
Registration/Approval that contained information regarding his business
activities that he knew or ought to have known was false and/or misleading;
and that between July 2006 and November 2006, he failed to disclose to Golden
Capital Securities Ltd. that in July 2006 he had become the Chief Financial
Officer of a publicly traded company. Mr. Lotz is currently, among other
things, the Chief Financial Officer of Golden Capital Securities Ltd. and
Gateway Securities Inc.
The hearing is scheduled to commence at 10:00 a.m. on February 20, 2008,
at Reportex Agencies Ltd., Suite 1010 - 925 West Georgia Street, Vancouver,
BC. 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 their approved persons. Investigating complaints and
disciplining Members and approved persons is 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: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or firstname.lastname@example.org; Jeff Kehoe, Director, Enforcement Litigation,
(416) 943-6996 or email@example.com