IN THE MATTER OF Yves Méchaka - Motion

    MONTREAL, May 29 /CNW/ - Following a motion hearing held on September 8,
2008 in Montréal, Québec, a Hearing Panel of the Investment Industry
Regulatory Organization of Canada ("IIROC") ordered the following in the
matter of Yves Méchaka (the "Respondent"):

    (a) DISMISSES the Respondent's motion;

    (b) CONFIRMS that the IDA had the jurisdiction to commence disciplinary
        proceedings against the Respondent in this matter and that the
        Hearing Panel had the jurisdiction to hear the matter;

    (c) CONFIRMS that IIROC has the necessary jurisdiction to take up the
        matter and continue these proceedings, and that the Hearing Panel has
        the jurisdiction to continue to hear and decide this matter;

    (d) REQUESTS that the Hearing Coordinator convene a Set Date Hearing for
        proof and hearing, as soon as counsel may be heard.

    The IDA formally initiated the investigation into the Respondent's
conduct in November 2005. It is alleged that the violations occurred when the
Respondent was, notably, president, branch manager, the officer responsible in
Québec, and a registered representative of iForum Securities Inc., a former
IIROC Member firm. Mr. Méchaka has not been employed with an IIROC Member firm
since February 2007.
    The Hearing Panel issued its Decision and Reasons on April 7, 2009. The
Hearing Panel's Decision and Reasons are available at

    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: Carmen Crépin, Vice President, Québec, (514)
878-2854,; Jeff Kehoe, Director, Enforcement, (416) 943-6996,

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