Notice to public: Disciplinary hearing in the matter of Vincenzo Farruggia



    MONTREAL, Oct. 4 /CNW/ - The Investment Dealers Association of Canada
(IDA) announced today that a hearing will be held before a Hearing Panel
appointed pursuant to IDA By-law 20, on matters for which Vicenzo Farruggia,
at all relevant times, a registered representative with approval to trade in
options, commodities futures and commodities futures options, first in 1998,
in the employ of Merrill Lynch Canada Inc., an IDA Member firm, then as of
February 1999, in the employ of National Bank Financial Inc. (formerly
Lévesque Beaubien Geoffrion Inc.), another IDA Member firm, at its head office
branch in Montréal, Québec, may be disciplined.
    The hearing will relate to allegations that between 1998 and 2002,
Vincenzo Farruggia engaged in conduct unbecoming, contrary to By-law 29.1, by
engaging in personal financial dealings with several clients, without the
knowledge or authorization of his employer, and by obtaining, through an
acquaintance who was a representative of another broker, on the promise of a
high return, investments from the representative's clients and from herself,
without opening accounts or documenting these investments. It is also alleged
that he failed to observe high standards of ethics and professional conduct,
contrary to By-law 29.1, by using this representative's personal bank account
to effect questionable financial transactions, with no reasonable explanation.
Vincenzo Farruggia is not currently registered in the employ of an IDA Member
firm.
    The disciplinary hearing will be held from November 26 to 30, 2007,
commencing at 10:00 a.m. on November 26, 2007, at Centre Mont-Royal, 2200
Mansfield Street, Montréal, Québec, Room Mansfield 6. 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 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; Jeffrey Kehoe, Director, Enforcement Litigation,
(647) 200-7627 or jkehoe@ida.ca

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IDA

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INVESTMENT DEALERS ASSOCIATION OF CANADA

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