Notice to Public: Set date application in the matter of Steven James Westman

    The hearing relates to allegations that Mr. Westman:    (i)    between May 1999 and October 2000, failed to use due diligence to           ensure that the recommendations made for a client were appropriate           for that client and in keeping with its investment requirements           and restrictions, as set out in that client's investment Framework           Agreement, contrary to Regulation 1300.1(c);    (ii)   in February and March 2001, failed to use due diligence to learn           the essential facts relative to every order accepted, contrary to           Regulation 1300.1(a), in that he did not adequately inform himself           as to the nature or details of two income trusts, before           recommending the purchase of these securities to his client; and    (iii)  in February and March 2001, failed to use due diligence to ensure           that the recommendations made for a client were appropriate for           that client and in keeping with that client's investment           objectives, contrary to Regulation 1300.1(c).    

The Investment Dealers Association of Canada (IDA) is the nationalself-regulatory organization of the securities industry. The IDA's mission isto protect investors, foster market integrity and enhance the efficiency andcompetitiveness of the Canadian capital markets. The IDA enforces rules andregulations regarding the sales, business and financial practices of itsMember firms and their approved persons. Investigating complaints anddisciplining Members and approved persons is part of the IDA's regulatoryrole.

For further information

Alex Popovic, Vice-President, Enforcement,(416) 943-6904 or apopovic@ida.ca
Jeff Kehoe, Director, EnforcementLitigation, (416) 943-6996 or