IN THE MATTER OF MF Global Canada Co. - Settlement

    TORONTO, Sept. 16 /CNW/ - Notice is hereby given that a hearing will be
held before a Hearing Panel of the Investment Industry Regulatory Organization
of Canada (IIROC) on Monday, October 27, 2008 in Boardroom 2 of the offices of
IIROC located at 121 King Street West, Suite 1600, Toronto, Ontario at 10:00
a.m. or as soon thereafter as the hearing can be held, to consider whether,
pursuant to section 20.36 of IIROC Dealer Member Rule, the Hearing Panel
should accept a Settlement Agreement entered into between Staff of IIROC and
MF Global Canada Co. (the "Respondent").

    The subject matter of the proposed Settlement Agreement concerns
allegations that:

    (a) From October 31, 2006 to December 15, 2006 and from January 4, 2007
        to January 24, 2007, the Respondent violated by-law 17. 1 of the IDA
        by failing to keep its Risk Adjusted Capital greater than zero.

    The IDA formally initiated the investigation into the Respondent's
conduct on May 24, 2007.
    The hearing is not open to the public unless and until the Settlement
Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts
the Settlement Agreement, the Hearing Panel's decision and reasons will be
made available to the public.

    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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