Notice to public: Settlement hearing in the matter of Peregrine Financial Group (Canada) Inc.



    TORONTO, Nov. 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 for the presentation, review and consideration
of a Settlement Agreement.
    The Settlement Agreement is between IDA staff and Peregrine Financial
Group (Canada) Inc., which was at all material times a Member of the IDA, and
relates to matters for which it may be disciplined. The conduct which is the
subject of the hearing occurred during the time period from December 2005 to
March 2006. The charges against Peregrine Financial Group (Canada) Inc.
include that it failed to maintain a risk adjusted capital at a level greater
than zero calculated in accordance with Form 1, contrary to By-law 17.1.
    The hearing is scheduled to commence at 10:00 a.m. on Wednesday, November
28, 2007, at Legal Transcript Services, 111 Richmond Street West, Suite 1500,
Toronto, Ontario. The hearing is not open to the public unless and until the
Settlement Agreement has been accepted by the Hearing Panel. Copies of the
decision of the Hearing Panel and the Settlement Agreement will be made
available if and when the Settlement Agreement is accepted by the Hearing
Panel.

    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; 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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