Notice to public: Disciplinary hearing in the matter of Orazio Petriello

    MONTREAL, March 12 /CNW/ - The Investment Dealers Association of Canada
(IDA) announced today that a hearing will be held before a Hearing Panel,
appointed pursuant to By-law 20, in respect of matters for which Orazio
Petriello may be disciplined. At all material times, Mr. Petriello was an
Approved Person at the Pointe-Claire branch of Dundee Securities Corporation,
a Member of the IDA.
    The hearing relates to allegations that between October 19, 2000 and
August 19, 2002, Mr. Petriello misappropriated funds, totalling $124,000, of
one of his clients by depositing six bank drafts purchased by this client in
the accounts of two other clients who were persons tied to Mr. Petriello,
namely his father and his spouse, contrary to By-law 29.1.
    Mr. Petriello has not been registered with an IDA Member firm since
November 2, 2004.
    The hearing will commence at 10:00 a.m. on March 29, 2007, at 1 Place
Ville-Marie, Suite 2802, Montréal, Québec. The hearing is open to the public
except as may be required for the protection of confidential matters. Copies
of the decision of the Hearing Panel will be made available.

    The Investment Dealers Association of Canada (IDA) is the national
self-regulatory organization of the securities industry. The IDA's mission is
to protect investors, foster market integrity and enhance the efficiency and
competitiveness of the Canadian capital markets. The IDA enforces rules and
regulations regarding the sales, business and financial practices of its
Member firms and their approved persons. Investigating complaints and
disciplining Members and approved persons is part of the IDA's regulatory

For further information:

For further information: Carmen Crépin, Vice-President, Québec, (514)
878-2854 or; Alex Popovic, Vice-President, Enforcement, (416)
943-6904 or

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