News Release

Vancouver – A Richmond, B.C. financial firm has surrendered its registration as an exchange contracts dealer, with the firm and its owner reprimanded and banned from trading for five years by the British Columbia Securities Commission.

J.D. Stanley Futures Inc. agreed in a settlement with the BCSC to voluntarily surrender its registration by Sept. 30, 2005. The exchange contracts dealer had capital deficiencies, failed to prepare accurate capital records and did not immediately report its capital shortcomings as required by securities rules.

The firm also failed to fully apply written prudent business procedures, did not keep monthly financial statements and provided online trading services to 20 clients without adhering to the suitability rules.

Clive Chow Kai Tsang, who is the firm’s sole shareholder and director, had not been registered under the Securities Act in any capacity since February 2001 so he violated the Act when he periodically provided backup for JDS representatives and traded exchange contracts on behalf of clients.

As part of the settlement, Tsang cannot be a designated compliance officer nor apply for registration under the Act for five years. He cannot trade securities or exchange contracts, nor can he be a director or officer of any issuer primarily in the business of trading securities or exchange contracts, for five 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 on our website www.bcsc.bc.ca by typing in the search box, J.D. Stanley Futures Inc. or Clive Chow Kai Tsang or 2005 BCSECCOM 546. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.