Mr. Warren Funt reports

ENFORCEMENT NOTICE HEARING - IN THE MATTER OF BRIAN DOUGLAS BERGEN AND LEEDE FINANCIAL MARKETS INC. - ADJOURNMENT

A settlement hearing was originally scheduled before a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Brian Douglas Bergen and Leede Financial Markets Inc. on Thursday, July 30, 2015. The settlement hearing was adjourned with a date yet to be determined. An enforcement notice will be posted at the IIROC website once the new hearing date is decided.

The agreement concerns conduct that Mr. Bergen and Leede failed to effectively exercise supervisory responsibilities over registered representative Grant Matthews. A separate hearing panel previously found that Mr. Matthews made unsuitable investments in the accounts of four clients, engaged in discretionary trading in the accounts of two clients and engaged in excessive trading (churning) in the accounts of three clients.

The hearing is not open to the public but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the panel's decision and the settlement agreement will be made available at the IIROC website.

IIROC formally initiated the investigation into Mr. Bergen and Leede Financial Market Inc.'s conduct in July, 2013. The conduct occurred while Mr. Bergen was a branch manager with the Calgary branch of Leede Financial Markets Inc., an IIROC-regulated firm. Mr. Bergen is still a registered representative at the Calgary branch of Leede Financial Markets Inc.