Notice to Public: Set Date Application in the matter of Stéphane Rail



    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 By-law 20, in respect of matters for which Stéphane Rail
may be disciplined. Mr. Rail was, at all material times, a registered
representative at the Ste-Foy, Québec branch of TD Securities Inc. The
Respondent is employed with a Member firm of the IDA.

    
    The hearing will relate to allegations that:

    1.  During the year 2000, while employed as a Registered Representative
        of TD Securities Inc. (hereinafter, TD), the Respondent engaged in
        conduct unbecoming or detrimental to the public interest, when he
        engaged in outside business activities without the consent and
        without the knowledge of his firm, as follows:

        a) By introducing one of his clients, HC, to another of his clients,
           PV, with the aim of facilitating the obtaining of a loan for PV,
           knowing that his firm had already determined that this loan was
           too risky and that such behaviour was not consistent with his
           responsibilities as a registered representative;

        b) By introducing the owners of P. Inc., PP, DP and RG, to his
           current client, PV, in order to propose a financial solution to
           benefit PV, without the consent and without the knowledge of the
           firm and knowing that such behaviour was not consistent with his
           responsibilities as a registered representative,

        contrary to By-law 29.1;

    2.  In the year 2000, the Respondent, while employed with TD as a
        registered representative, made inappropriate use of personal and
        confidential information regarding two clients, HC and PV, by
        introducing them to one another in order to facilitate a financing
        project to benefit PV, thereby engaging in conduct unbecoming and
        detrimental to the public interest, contrary to By-law 29.1;

    3.  On or about September 18, 2000, while employed with TD as a
        registered representative, the Respondent failed to use due diligence
        to make sure that a cheque made by P. Inc., and payable to COC, was
        properly invested in the account belonging to COC, thereby engaging
        in conduct unbecoming and detrimental to the public interest,
        contrary to By-law 29.1;

    4.  In June and July 2000, the Respondent, while employed with TD as a
        registered representative, failed to use due diligence and engaged in
        conduct unbecoming and detrimental to the public interest by creating
        an investors group, to which he belonged, for the purpose of
        investing over $150,000, when he knew or should have known, as a
        registered representative, that this stratagem constituted a means of
        illegally taking advantage of the prospectus exemption provisions
        stipulated in section 51 of the Québec Securities Act, contrary to
        By-law 29.1;

    5.  On or about June 22, 2000, while employed with TD as a registered
        representative, the Respondent engaged in conduct unbecoming and
        contrary to the public interest by depositing in a personal capacity
        a sum of money in the account of his client RS, for the purpose of
        making a private investment, contrary to By-law 29.1;

    6.  On or about July 18, 2000, the Respondent, while employed with TD as
        a registered representative, engaged in conduct unbecoming and
        contrary to the public interest by depositing in a personal capacity
        a sum of money in the account of his client RS, contrary to By-law
        29.1;

    7.  On or about October 30, 2000 and on or about March 1, 2001, the
        Respondent, while employed as a registered representative with TD,
        engaged in conduct unbecoming and contrary to the public interest
        when he used TD letterhead without the firm's consent and without its
        knowledge, allowing P. Inc. and its shareholders to believe that they
        were doing business with that firm, whereas P. Inc. was never a
        client of TD, contrary to By-law 29.1.
    

    The hearing date will be set by the Hearing Panel at 10:00 a.m. on
October 15, 2007, at the IDA's Montreal office, 1 Place Ville-Marie, Suite
2802, 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 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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INVESTMENT DEALERS ASSOCIATION OF CANADA

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