In the matter of Questrade Inc. - Settlement

    TORONTO, Aug. 25 /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 Thursday, September 4, 2008 at Legal Transcript
Services, located at 111 Richmond Street West, Suite 1500, 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 the IIROC Dealer Member Rules, the
Hearing Panel should accept a Settlement Agreement entered into between Staff
of IIROC and Questrade Inc. (the "Respondent").

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

    (a) On or about May 31 and June 1, 2007, Questrade Inc. failed to
        maintain risk adjusted capital at a level greater than zero as
        calculated in accordance with Association Form 1 and was capital
        deficient in the sums of $431,000 and $133,000 respectively and
        thereby contravened IDA By-law 17.1.

    IIROC formally initiated the investigation into the Respondent's conduct
on August 2, 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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