In the matter of Golden Capital Securities Ltd
VANCOUVER, Dec. 11 /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 discipline penalties which may
be imposed upon Golden Capital Securities Ltd., at all material times a Member
of the IDA.
Following a decision of the Hearing Panel, Golden Capital Securities Ltd.
has been found to have failed to provide IDA staff with free access to records
that are reasonably required by the IDA for the purpose of ongoing
investigations, contrary to By-laws 19.6 and/or 29.1.
The hearing is scheduled to commence at 9:00 a.m. on Thursday,
December 20, 2007 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