IN THE MATTER OF Ross Patrick Ewaniuk - Discipline

CALGARY, Nov. 23 /CNW/ - Notice is hereby given that a hearing will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) commencing Monday April 19, 2010 and continuing through Friday April 23, 2010, at the Calgary Telus Convention Centre located at 120-9 Avenue SE, Calgary, Alberta, at 10:00 am or as soon thereafter as possible, to hear evidence and submissions in the matter of Ross Patrick Ewaniuk (the "Respondent").

    
    The hearing concerns matters for which the Respondent may be disciplined
as a Regulated Person of IIROC pursuant to Part 10 of IIROC Dealer Member Rule
20.

    The hearing concerns allegations that the Respondent:

    (a)    Between 2004 and 2006, while employed as a Registered
           Representative (RR) at the Calgary office of Northern Securities
           Inc., a Member firm, the Respondent failed to perform his role as
           gatekeeper to the capital markets and/or engaged in business
           conduct or practice, contrary to Association By-law 29.1. and/or
           Regulation 1300.1, by facilitating and participating in certain
           transactional activity involving any, or all, of three (3) US
           companies, Pink Sheet or OTCBB traded securities (the Securities),
           in four (4) client accounts and the Respondent's corporate
           investment account, in circumstances which a reasonably diligent
           RR would have determined to be suspicious and/or deserving of
           further inquiry as to whether:

           (i)   the Securities were eligible for distribution by the seller
                 or transferor and/or eligible for purchase or receipt by
                 the clients and the Respondent corporate investment
                 accounts, in accordance with the Alberta Securities Act
                 and/or the British Columbia Securities Act or the securities
                 laws of any other applicable jurisdiction;

           (ii)  the Securities were eligible for sale into the market from
                 the clients' and the Respondent corporate investment
                 accounts, in accordance with the Alberta Securities Act
                 and/or the British Columbia Securities Act or the securities
                 laws of any other applicable jurisdiction; and

           (iii) the Securities were a legitimate investment and the receipt
                 and sale of the Securities in the clients' accounts was in
                 the best interests and suitable for the clients; and

    (b)    Between 2004 and 2006, while employed as a Registered
           Representative at the Calgary office of Northern Securities Inc.,
           (NSI) a Member firm, the Respondent failed to observe high
           standards of ethics or conduct in the transaction of his business
           and/or engaged in business conduct or practice, contrary to
           Association By-law 29.1, in that he engaged in personal financial
           dealings with one (1) client without disclosure to and approval of
           the Member firm NSI; and

    (c)    Between 2004 and 2006, while employed as a Registered
           Representative at the Calgary office of Northern Securities Inc.,
           a Member firm, the Respondent failed to observe high standards of
           ethics or conduct in the transaction of his business and/or
           engaged in business conduct or practice, contrary to Association
           By-law 29.1, in that he provided or authorized the provision of a
           document to NSI purportedly evidencing payment for shares in
           circumstances where he knew or ought to have known that the
           document was non-genuine.
    

The IDA formally initiated the investigation into the Respondent's conduct on July 6, 2006. The violations occurred when the Respondent was a Registered Representative with the Calgary Branch of Northern Securities Inc. The Respondent is currently registered with Northern Securities Inc., an IIROC-regulated firm.

The Notice of Hearing is available at www.iiroc.ca. The hearing is open to the public, unless the Hearing Panel orders otherwise. 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 marketplaces.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information: For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, wfunt@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416) 943-6996, jkehoe@iiroc.ca


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