The Investment Dealers Association of Canada announced today that a hearing will be held before a Hearing Panel in respect of matters for which Karl Mansour may be disciplined. At all material times, Mansour was a registered representative at the Montréal branch of Jones, Gable & Company Limited.

The hearing will relate to allegations that:

1. On or about January 9, 2006, the Respondent, while a registered representative of Jones, Gable & Company Limited failed to use caution and due diligence to learn and keep informed of the essential facts relative to the foreign client, KS, by changing, at his own initiative, the investment objectives of this client without having spoken to him since the account was opened, contrary to Association Regulation 1300.1 (a), read in light of Association By-law 29.1;

2. On or about January 24, 2006, the Respondent, while a registered representative of Jones, Gable & Company Limited, a Member firm of the Association, gave instructions to record and deliver share certificates held in the investment account of the foreign client, KS, on the instructions of a third party, without having on file the written authorization or ratification of this client, contrary to Association Regulation 200.1(i)(3), read in light of Association By-law 17.2 and By-law 29.1;

3. On or about January 24, 2006, and on or about January 25, 2006, the Respondent, while a registered representative of Jones, Gable & Company Limited, a Member firm of the Association, executed trades in the investment account of foreign client, KS, without the knowledge or consent of this client, contrary to Association By-law 29.1;

4. The Respondent failed to disclose to the firm that employed him, Jones, Gable & Company Limited, that he maintained the following accounts for which he held a proxy and/or over which he had control.

5. The Respondent engaged in discretionary trading in the accounts of foreign clients, SJ and ND, without these accounts having been approved and designated, by the firm that employed him, Jones, Gable & Company Limited, as “discretionary” or “managed” accounts, contrary to Association Regulation 1300.4;

6. From February to October 2004, the Respondent, while a registered representative of Jones, Gable & Company Limited, a Member firm of the Association, gave instructions to effect trades in the account of foreign client, SJ, held with another Member firm of the Association, without obtaining the written authorization of this client, contrary to Regulation 1300.4 and Regulation 1300.5 of the Association.

Karl Mansour is still in the employ of Jones, Gable & Company Limited. The hearing is scheduled to commence at 10 a.m. on September 25, 2007, at Centre Mont-Royal, 2200 Mansfield Street, Montréal, Québec, Room Mansfield 3.