THE COURTS – Paciorka v. TD Waterhouse, [2007] O.J. No. 2890 - On July 24, 2007, Nolan J. of the Ontario Superior Court of Justice released his decision in Paciorka v. TD Waterhouse dismissing an investor’s claim for damages against TD Waterhouse (“TD”) after it made three credit sell-outs on the investor’s margin account.
THE COURTS - Bahcheli v. Alberta (Securities Commission), [2007] 158 A.C.W.S. (3d) 154 - On May 18, 2007, the Alberta Court of Appeal ruled that the Investment Dealers Association (“IDA”) could not appeal one of its own decisions to the Alberta Securities Commission (“ASC”). In the events leading up to Court’s ruling, the IDA had charged Mr. Bahcheli, a registered representative with a securities dealer, with breaching an IDA by-law by “engaging in business conduct or practice unbecoming and not in the public interest”. In late 2003, a hearing panel of the Alberta District Council of the IDA heard and subsequently dismissed the charges. The IDA filed an appeal with the ASC.

type Brokers' Report - October 2007