Market Regulation Services Inc.

Market Regulation Services Inc.

October 11, 2005 13:27 ET

RS Hearing Panel to Consider Settlement Agreement Between RS and Ricardo Mashregi

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2005) - At 10 a.m. on Friday, October 14, 2005, an RS Hearing Panel will convene at RS, 9th floor, 145 King Street West, to consider a settlement agreement between RS and Ricardo Mashregi, a trader with Dundee Securities Inc., relating to an alleged violation of the just and equitable principles of trade. The hearing is open to the public.

No details of the settlement agreement will be released prior to the October 14 hearing.

The RS Hearing Panel may accept or reject the settlement agreement. In the event the settlement agreement is accepted, the matter becomes final and there can be no appeal of the matter. In the event the settlement agreement is rejected, RS may proceed with a hearing of the matter before a differently constituted Hearing Panel.

The terms of the settlement, if accepted and approved by the Hearing Panel, and the disposition of this matter by the Hearing Panel will be published by RS as a Disciplinary Notice and in a news release.

About Market Regulation Services Inc. (RS)

RS is the independent regulation services provider for Canadian equity marketplaces, including TSX, TSX Venture Exchange, Canadian Trading and Quotation System, Bloomberg Tradebook Canada Company, Liquidnet Canada Inc. and Markets Securities Inc. RS is recognized by the securities commissions of Ontario, British Columbia, Alberta and Manitoba and by the Autorite des marches financiers in Quebec to regulate the trading of securities on these marketplaces by participant firms and their trading and sales staff. RS helps protect investors and ensure market integrity by ensuring all equities transactions are executed properly, fairly and in compliance with trading rules.

Contact Information

  • Market Regulation Services Inc.
    Doug Maybee
    Director of Communications & Public Affairs
    (416) 646-7253 or (416) 627-3900 (cell)