British Columbia Securities Commission: Mortgage Broker Agrees to Pay $7,000 for Trading Without Registration
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/31/11 -- As part of a settlement agreement with the British Columbia Securities Commission, a mortgage broker based in British Columbia has paid $7,000 for trading without registration.
The agreement states that Don Maxwell provided promotional information to one of his mortgage clients about investing in Gold-Quest, a company with offices in Las Vegas, Nevada that claimed to be involved in foreign exchange trading. The client invested a total of USD$223,000.
In addition to the $7,000 payment, the BCSC has also ordered that Maxwell cease trading any securities or exchange contracts, except that he may trade:
Maxwell is also prohibited from becoming or acting as a registrant, investment fund manager or promoter, acting in a management or consultative capacity in connection with activities in the securities market, or engaging in investor relations activities for a period of 5 years.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the settlement agreement on our website by typing Maxwell or 2011 BCSECCOM 412 in the search box. Information regarding disciplinary proceedings can be found in the of the BCSC website.
Please visit the Canadian Securities Administrators' for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).
If you have questions, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604-899-6854 or 1-800-373-6393 (toll free).
Learn how to protect yourself and become a more informed investor at:
Contacts:
British Columbia Securities Commission
Richard Gilhooley
Media Relations
604-899-6713 or Toll Free (Canada): 1-800-373-6393
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Datum: 31.08.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 1035777
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