Notice to public: Set date application in the matter of Karl Mansour



    TORONTO, June 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 matters for which Karl Mansour
may be disciplined. At all material times, Mr. Mansour was a registered
representative at the 500 René Lévesque West branch of Jones, Gable & Company
Limited. Mr. Mansour still acts as a registered representative with this firm.

    The hearing will relate to allegations that:

    
    1.  On or about January 9, 2006, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the Association, failed to use caution and due diligence to learn and
        keep informed of the essential facts relative to the foreign client,
        K.S., by changing, at his own initiative, the investment objectives
        of this client without having spoken to him since the account was
        opened, contrary to Regulation 1300.1 (a), read in light of
        By-law 29.1;

    2.  On or about January 24, 2006, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the IDA, gave instructions to record and deliver share certificates
        held in the investment account of foreign client K.S., on the
        instructions of a third party, without having on file the written
        authorization or ratification of this client, contrary to Regulation
        200.1(i)(3), read in light of By-law 17.2 and By-law 29.1;

    3.  On or about January 24, 2006 and on or about January 25, 2006, the
        Respondent, while a registered representative of Jones, Gable &
        Company Limited, a Member firm of the IDA, engaged in trading in the
        investment account of foreign client K.S., without the prior
        knowledge or consent of this client, contrary to By-law 29.1;

    4.  The Respondent failed to disclose to the firm that employed him,
        Jones, Gable & Company Limited, that he maintained the following
        accounts for which he held a proxy and/or over which he had control:

        a)  account no. 76-0960-5, held by foreign client S.J., with Jones,
            Gable & Company Limited;
        b)  account no. 76-0305-3, held by foreign client N.D., with Jones,
            Gable & Company Limited;
        c)  account no. 310-31475-12, held by foreign client S.B., with
            another Member firm of the IDA;
        d)  account no. 310-32274-13, held by foreign client S.J., with
            another Member firm of the IDA.

    contrary to By-law 29.1;

    5.  The Respondent engaged in discretionary trading in the accounts of
        foreign clients S.J. and N.D., without these accounts having been
        approved and designated, by the firm that employed him, Jones, Gable
        & Company Limited, as "discretionary" or "managed" accounts, contrary
        to Regulation 1300.4;

    6.  From February to October 2004, the Respondent, while a registered
        representative of Jones, Gable & Company Limited, a Member firm of
        the IDA, gave instructions to effect trades in the account of foreign
        client S.J., held with another Member firm of the IDA, without
        obtaining the written authorization of this client, contrary to
        Regulation 1300.4 and Regulation 1300.5.
    

    The hearing date will be set by the Hearing Panel at 10:00 a.m. on
June 29, 2007, in the Board Room of the IDA's Montreal office, at 1 Place
Ville-Marie, Suite 2802, Montréal, Québec. Accordingly, the date of June 7,
2007 indicated in the Notice of Hearing must be replaced by June 29, 2007. 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: Claudyne Bienvenu, Regional Director,
Regulation, (514) 878-2854 or cbienvenu@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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