Investment Industry Regulatory Organization of Canada - In the matter of Trevor Scott Morrison

    VANCOUVER, July 15 /CNW/ - The Investment Industry Organization of Canada
(IIROC) announced today that a hearing will be held before a Hearing Panel of
the Investment Dealers Association of Canada (IDA), on August 19, 2008, at
Reportex Agencies, 925 West Georgia Street, Suite 1010, Vancouver, BC, at
10:00 am or as soon thereafter as possible, to hear evidence and submissions
in the matter of Trevor Scott Morrison (the "Respondent").
    The 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 hearing relates to allegations that:

    1.  On or about January 10, 2008, the Respondent, having been, until
        September 24, 2007, an Approved Person of Union Securities Ltd.
        ("Union"), a Member firm, refused and/or failed to attend and give
        information in respect of an investigation into his conduct while he
        was an Approved Person being conducted by the Association's
        Enforcement Department, contrary to IDA By-law 19.5.

    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. The Notice of Hearing is 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: Warren Funt, Vice President, Western Canada,
(604) 331-4750 or; Andrew Werbowski, Enforcement Counsel, (416)
943-5789 or

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