Notice to Public: Penalty hearing in the matter of Andy Hyon Chul Kim



    TORONTO, Oct. 16 /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 Mr. Kim, at all material times a registered representative at
the Mississauga, Ontario branch of CIBC World Markets Inc. Mr. Kim is
currently employed with TD Waterhouse Canada Inc.
    Mr. Kim and IDA staff have concluded an Agreed Statement of Facts which
will form the basis for a Penalty Hearing. Mr. Kim and IDA staff have also
agreed that Mr. Kim has committed the following violations:

    
    (i)   In March 2004, the Respondent invested in a private placement
          involving Soho Resources Corp. without the knowledge or approval of
          his employer Member firm, and thereby engaged in business conduct
          or practice unbecoming, or detrimental to the public interest,
          contrary to By-law 29.1;

    (ii)  On February 25, 2004, the Respondent misrepresented his resident
          status when investing in the private placement involving Soho
          Resources Corp., thereby engaging in business conduct or practice
          unbecoming, or detrimental to the public interest, contrary to
          By-law 29.1;

    (iii) In March 2004, the Respondent opened an account with Bolder
          Investment Partners and misrepresented information on his New
          Account Application Form relating to his employment with a Member
          firm, thereby engaging in business conduct or practice unbecoming,
          contrary to By-law 29.1;

    (iv)  Between March 2004 and June 2004, the Respondent maintained an
          account at an outside firm, namely Bolder Investment Partners,
          jointly with his spouse, without the knowledge or consent of his
          employer Member firm, thereby engaging in business conduct or
          practice unbecoming, contrary to By-law 29.1;

    (v)   Between October 1999 and May 2001, the Respondent maintained
          offshore accounts at an outside firm, namely Lines Overseas
          Management, without the formal knowledge or consent of his employer
          Member firm, thereby engaging in business conduct or practice
          unbecoming, contrary to By-law 29.1;

    (vi)  Between February 2004 and November 2005, the Respondent failed to
          act in accordance with the standards for conduct prescribed in the
          Conduct and Practices Handbook (CPH), in that he failed to advise
          and obtain prior approval from his Member firm in respect of his
          outside business activities with Altus Exploration Inc., and
          therefore acted contrary to By-law 29.1.
    

    The hearing is scheduled to commence at 1:00 p.m. on Tuesday, October 30,
2007, at 111 Richmond St. West, Toronto, Ontario. 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




For further information:

For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904 or apopovic@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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