IN THE MATTER OF Michael Leigh - Motion

    TORONTO, Aug. 22 /CNW/ - Following a motion hearing, on August 7, 2008
the Ontario District Council 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 MICHAEL
LEIGH (the "Respondent"):

    (a) That the Penalty Hearing of the Respondent scheduled to be heard on
        August 26, 2008 is adjourned until the matter of the IDA and Taub is
        dealt with by the Ontario Court of Appeal.

    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 July 27, 2006. The violations occurred when the Respondent was a
Registered Representative with the TD Waterhouse, Oshawa 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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