BCSC panel stays IIROC sanctions decision pending a review

VANCOUVER, Oct 8 /CNW/ - A British Columbia Securities Commission panel has granted a request by Carolann Steinhoff to stay an Investment Industry Regulatory Organization of Canada sanctions decision until a review is heard and decided. The panel granted the stay on condition that Steinhoff be subject to strict supervision.

The commission will review the IIROC decision made on March 5, 2010 making findings against Steinhoff, and the IIROC decision made on Sept. 17, 2010 sanctioning Steinhoff as a result of those findings.

Steinhoff also asked that the hearing and review be conducted as a new hearing.  The panel did not rule on this issue.  The parties agreed to make relevant submissions by November 5, 2010

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the stay on our website www.bcsc.bc.ca by typing in the search box, Carolann Steinhoff or 2010 BCSECCOM 575. If you have questions, contact Ken Gracey, media relations, 604-899-6577.

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For further information:

Ken Gracey
604-899-6577 or
(Canada) 1-800-373-6393