TORONTO, Sept. 17 /CNW/ - Following a motion heard at 10:00 a.m. on
September 2, 2008 at the Mediation Place in Toronto, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada ("IIROC"), on behalf of
the Investment Dealers Association ("IDA"), ordered the following in the
matter of DAVID SHEP (the "Respondent"):

    (a) That the hearing be adjourned until May 4, 2009 at 10 am to be
        spoken to.

    The proposed hearing concerns matters for which the Respondent may be
disciplined as a Registrant of the IDA pursuant to Part 10 of IDA By-Law 20.
    The IDA formally initiated the investigation into the Respondent's
conduct on August 12, 2004. The violations occurred when the Respondent was a
Registered Representative with the Desjardins Securities, Toronto branch. The
Respondent is no longer a registrant with an IIROC regulated firm.

    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 or; Jeff Kehoe, Director, Enforcement, (416)
943-6996 or

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