Notice to public: Set date application



    In the matter of Yves Tardif

    MONTREAL, March 27 /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 Yves Tardif
may be disciplined. At all material times, Mr. Tardif was a registered
representative (mutual funds) at the Varennes, Québec branch of iForum
Securities Inc., a former IDA Member firm. Mr. Tardif has not been employed
with an IDA Member firm since December 1st, 2005.
    The purpose of the hearing is to allow the parties to present to the
Hearing Panel a set date application for the disciplinary hearing and a
schedule of the deadlines leading up to the hearing.
    The allegations of misconduct that will be the subject of the
disciplinary hearing are summarized as follows:

    
    TRANSACTIONS NOT PERMITTED UNDER THE TERMS OF THE APPROVAL GRANTED BY THE 
ASSOCIATION TO THE RESPONDENT AS A REGISTERED REPRESENTATIVE (MUTUAL FUNDS)
AND EFFECTED OFF-BOOK

    1.  Between March 22, 2004 and October 28, 2005, while employed with
        former Member firm iForum Securities Inc., following instructions
        given by 75 clients, the Respondent accepted 117 orders for the
        purchase or renewal of promissory notes from Real Vest Investments
        Ltd. and MRACS Management Ltd. in 99 client accounts with a total
        book value of approximately $6,438,546.05, whereas the approval
        granted by the Association to the Respondent, as a registered
        representative (mutual funds), did not permit him to effect such
        transactions on securities other than mutual fund securities, thereby
        contravening Association By-laws 18.7 and 29.1.

    2.  In November 2005, while a registered representative (mutual funds) in
        the employ of former Member firm iForum Securities Inc., and limited
        to trading mutual fund securities, the Respondent had under his
        responsibility the accounts of 105 clients at B2B Trust, a federally
        chartered trust company, where said clients held approximately
        26 different securities other than mutual fund securities, with an
        approximate book value of more than nine million dollars
        ($9 million), without said securities being recorded in the books of
        iForum Securities Inc., thereby engaging in business conduct
        unbecoming and contrary to Association By-law 29.1.

    FEES CHARGED TO CLIENTS WITHOUT THE KNOWLEDGE OR AUTHORIZATION OF HIS
EMPLOYER

    3.  Between approximately March 30, 2004 and October 12, 2005, the
        Respondent accepted compensation from persons other than former IDA
        Member firm iForum Securities Inc., while employed with the latter,
        by invoicing eight (8) of his clients and receiving from them fees
        totalling approximately $2,939, contrary to Association By-law 18.15.

    DISTRIBUTION OF COMMUNICATIONS TO CLIENTS WITHOUT THE KNOWLEDGE OR
AUTHORIZATION OF HIS EMPLOYER

    4.  On or about November 16, November 23 and December 1, 2005, while
        employed with former Member firm iForum Securities Inc., the
        Respondent sent ten (10) clients sales literature containing false,
        misleading and incomplete information, without the knowledge of his
        employer, thereby contravening Association By-law 29.7(1)(a).

    DISTRIBUTION OF CONSOLIDATED PORTFOLIO STATEMENTS THAT DO NOT MEET
ASSOCIATION STANDARDS

    5.  Between March 10, 2004 and October 6, 2005, while employed with
        former Member firm iForum Securities Inc., the Respondent prepared
        and sent to seventeen (17) of his clients consolidated portfolio
        statements that did not meet the standards established by the
        Association, thereby violating Association By-law 29.1.

    DISTRIBUTION OF CONSOLIDATED PORTFOLIO STATEMENTS CONTAINING FALSE AND
MISLEADING INFORMATION

    6.  Between approximately March 10, 2004 and October 6, 2005, while
        employed with former Member firm iForum Securities Inc., the
        Respondent prepared and sent to seventeen (17) of his clients
        consolidated portfolio statements containing false and misleading
        information regarding the promissory notes issued in the name of said
        clients by Real Vest Investments Ltd, thereby violating Association
        By-law 29.1.
    

    The date of the hearing will be set by the Hearing Panel at 9:30 a.m., on
Tuesday, April 15, 2008, at 5 Place Ville-Marie, suite 1550, 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 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: Carmen Crépin, Vice-President, Québec, (514)
878-2854 or ccrepin@ida.ca; Jeff 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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