IDA Hearing Panel stays discipline proceedings in the matter of Wade Douglas MacBain



    VANCOUVER, Aug. 13 /CNW/ - A Hearing Panel appointed pursuant to By-law
20, has stayed the discipline proceedings in the matters of Wade Douglas
MacBain, Karl Edward Neufeld and Frederick Henry Smith, at all material times
Approved Persons with Matrix Financial Corporation, a Member of the IDA.
    The stays of proceedings come in response to a decision of the Court of
Appeal for Saskatchewan, dated June 20, 2007, dismissing the appeals of the
IDA from a decision of the Saskatchewan Financial Services Commission in the
matters of Mr. MacBain and Mr. Neufeld and Mr. Smith.
    A copy of the decision of the Court can be found at:
    http://www.lawsociety.sk.ca/judgments/2007/CA2007/2007skca70.pdf
    Mr. MacBain has not been registered with an IDA Member firm since
August 4, 2000.
    For a complete summary of facts, please see IDA Bulletin 3656 at
www.ida.ca or www.accovam.ca.

    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: Warren Funt, Vice-President, Western Canada,
(604) 331-4750 or wfunt@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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