THE COURTS: On April 4, 2006 Campbell J. released his decision in Mr. A v. Ontario Securities Commission. The application was brought by an anonymous applicant seeking an order to quash a summons to witness issued by the Ontario Securities Commission ("OSC") pursuant to section 13 of the Ontario Securities Act.
COMPLIANCE: On May 25, 2006, a Hearing Panel of the Investment Dealers Association of Canada (the "IDA") imposed disciplinary penalties on MGI Securities Inc. ("MGI") and its President, CEO and Ultimate Designated Person ("UDP"). The penalties imposed were part of a settlement agreement entered into between MGI, the UDP and the IDA. At issue was MGI's violation of IDA Regulation 1300.2.

type Brokers' Report - June 2006