Notice to public: Penalty hearing in the matter of Vance Elder

    CALGARY, June 22 /CNW/ - The Investment Dealers Association of Canada
(IDA) announced today that the Hearing Panel has set a date for the penalty
hearing in respect of matters for which Vance Elder may be disciplined. At all
material times, Mr. Elder was an Approved Person with a Calgary Branch of BMO
Nesbitt Burns, a Member of the IDA.
    In its decision on the merits issued February 15, 2007, the Hearing Panel
found Mr. Elder had violated Association By-Law 29.1 and Regulation 1300.1
(a), in that Mr. Elder knew or was willfully blind, to the fact that his
assistant, Catherina Blaker, was signing client signatures on client account
documentation; was signing his signature on his client account documentation;
and was providing investment advice to his clients.
    The penalty hearing will commence at 10:00 a.m., on Monday, July 9, 2007,
at the Calgary office of the IDA, 2300, 355 - 4th Avenue S.W., Calgary,
Alberta. The hearing is open to the public except as may be required for the
protection of confidential matters.

    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 role

For further information:

For further information: Warren Funt, Vice President, Western Canada,
(604) 331-4750 or; Jeff Kehoe, Director, Enforcement Litigation,
(416) 943-6996 or

Organization Profile


More on this organization


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890