June 18, 2001
For Immediate Release

Commissions Hold Hearings to Consider Settlement Agreement

VANCOUVER - The Enforcement staffs of member commissions of the Canadian Securities Administrators have entered into settlement agreements with three US online brokerage firms - Datek Online Holdings, Ameritrade Inc., and TD Waterhouse Investor Services (US).

A joint hearing will be held June 19 at 2:30 p.m. EDT at the securities commissions in Ontario, Quebec, Manitoba and Nova Scotia, which must hold a hearing to approve the settlements. The settlements have been approved by British Columbia and Alberta, which do not require a hearing to approve the settlements.

The remaining Canadian securities regulators are relying on the proposed settlements, which were negotiated on behalf of the Canadian Securities Administrators by the BC Securities Commission.

Details of the settlement agreements will not be released until they have been approved by all the regulators.


Michael Bernard
Communications Manager
BC Securities Commission
(604) 899-6524

Frank Switzer
Director of Communications
Ontario Securities Commission
(416) 593-8120

Denis Dube
Manager of Public Relations
Commission des valeurs mobilieres du Quebec
(514) 940-2199, Ext. 4441

Joni Delaurier
Communications Co-ordinator
Alberta Securities Commission
(403) 297-4481