Ms. Carmen Crepin reports

ENFORCEMENT NOTICE HEARING - IN THE MATTER OF PAUL MILOT - SETTLEMENT HEARING

A hearing has been scheduled before a hearing panel of the Investment Industry Regulatory Organization of Canada to consider whether the hearing panel should accept a settlement agreement entered into between IIROC staff and Paul Milot.

The settlement agreement concerns allegations that Mr. Milot failed to use due diligence to obtain sufficient knowledge of the features and risks inherent in leveraged exchange-traded funds (ETFs) before recommending their purchase to one of his clients, and that he failed to ensure that his recommendations to buy, sell or hold securities were suitable for this client.

The hearing is not open to the public, unless and until the settlement agreement has been accepted by the hearing panel. If the agreement is accepted, the panel's decision and the settlement agreement will be made available at IIROC's website.

Documents related to continuing IIROC enforcement proceedings -- including reasons and decisions of hearing panels -- are posted on the IIROC website as they become available.

Hearing date:  Oct. 31, 2014, at 10 a.m.

Location:  Centre Mont-Royal 2200, Mansfield St., Montreal, Que.

IIROC formally initiated the investigation into Mr. Milot's conduct in January, 2013. The alleged violations occurred when Mr. Milot was a registered representative at the Montreal branch of Industrial Alliance Securities Inc., an IIROC-regulated firm. Mr. Milot is still within the industry in a registered capacity at the Varennes subbranch of Industrial Alliance Securities Inc.