TORONTO, May 22 /CNW/ - Notice is hereby given that a motion for
adjournment of the June 15, 2009 hearing was brought by the Respondents on May
1, 2009. The motion for an adjournment was granted by the Hearing Panel.
The hearing has been rescheduled to be held before a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC), commencing on
September 21, 2009 at Legal Transcript Services, located at 390 Bay Street,
11th Floor, Suite 1102, Toronto, Ontario at 10:00 a.m. or as soon thereafter
The IDA formally initiated the investigation into the Respondents'
conduct in January 2004. The alleged violations occurred when the individual
Respondents were Registered Representatives with the Toronto office of
Credifinance Securities Limited and when the firm was a member of the IDA. Ms.
Glover continues to be a registrant at the same office. Credifinance is a
suspended Dealer Member of IIROC. Mr. Benarroch and Ms. Kent are no longer
registrants with an IIROC-regulated firm.
The Notice of Hearing is available at www.iiroc.ca.
The hearing is open to the public, unless the Hearing Panel orders
otherwise. The Hearing Panel's decision and reasons will be made available to
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, email@example.com; Jeff Kehoe, Director, Enforcement, (416)