News Release
Investment firm fined for advising in B.C. without registration
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Date:
2009-01-16 -
Number:
2009/03
Vancouver - The British Columbia Securities Commission has settled with an Ontario-based investment firm that agreed to pay $5,500 in fines and fees for advising clients without being registered.
CastleMoore Inc, an investment counsel and portfolio manager registered in Ontario, admitted in a settlement agreement with the BCSC that it provided investment advice to three B.C. clients without registration under the Securities Act from June 2006 to July 15, 2008.
Under the settlement agreement, CastleMoore agreed to pay a $2,000 fine and $3,500 for registration fees that otherwise would have been payable to the BCSC if the firm had been registered.
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, CastleMoore Inc. or 2009 BCSECCOM 19. If you have questions, contact Ken Gracey, media relations, 604-899-6577.
Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.