Ms. Carmen Crepin reports

ENFORCEMENT NOTICE - HEARING - IN THE MATTER OF PENSON FINANCIAL SERVICES CANADA INC. - EXPEDITED HEARING

An expedited hearing has been scheduled before a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), in the matter of Penson Financial Services Canada Inc.

At the expedited hearing, IIROC staff will be seeking orders pursuant to dealer member rules 20.41, 20.42 and 20.45. In particular, IIROC staff will be seeking, among other things, an order for the immediate termination of Penson's membership.

The hearing will be open to the public, unless the hearing panel orders otherwise. The decision of the hearing panel will be made available at the IIROC website.

Hearing date:  Aug. 6, 2014, at 10 a.m.

Location:  IIROC office board room, 5 Place Ville-Marie, suite 1550, Montreal, Que.