IN THE MATTER OF Paul Van Benthem and Anthony Petriccione - Motion

    TORONTO, Oct. 14 /CNW/ - Following a motion hearing by IIROC to have this
matter adjourned sine die and a cross motion to have this matter quashed held
on October 6, 2008, in Toronto, Ontario, a Hearing Panel of the Investment
Industry Regulatory Organization of Canada ("IIROC") ordered the following in
the matter of Paul Van Benthem and Anthony Petriccione (the "Respondents"):

    (a) the matter against the Respondents is quashed, in light of the Taub
        decision of the Ontario Divisional Court; and

    (b) IIROC remove from its website all references to the matter against
        the Respondents, other than to report the quashing of the matter and
        the reasons of the Hearing Panel once they are released.

    The Respondents are no longer registrants with an IIROC regulated firm.
The Hearing Panel reasons on the motion will be made available to the public.
    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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