IN THE MATTER OF Credifinance Securities Limited - Review

    TORONTO, May 12 /CNW/ - The March 6, 2009 order of a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) in the matter of
Credifinance Securities Limited was reviewed by an IIROC Review Panel on April
23, 2009. The Review Panel released its decision on April 27. It dismissed the
request for review.

    The Review Panel's Decision and Reasons are available at:

    The Hearing Panel's Decision and Reasons are available at:

    IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces in
Canada. Created in 2008 through the consolidation of the Investment Dealers
Association of Canada and Market Regulation Services Inc., IIROC sets high
quality regulatory and investment industry standards, protects investors and
strengthens market integrity while maintaining efficient and competitive
capital markets. IIROC carries out its regulatory responsibilities through
setting and enforcing rules regarding the proficiency, business and financial
conduct of dealer firms and their registered employees and through setting and
enforcing market integrity rules regarding trading activity on Canadian equity

For further information:

For further information: Alex Popovic, Vice-President, Enforcement,
(416) 943-6904,; Jeff Kehoe, Director, Enforcement, (416)

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