News Release

Vancouver -- The British Columbia Securities Commission has settled with a U.S. foreign exchange trading firm after it admitted to breaching securities laws through unregistered trading in B.C.

FX Solutions, LLC (FXS), a New Jersey-based firm, has agreed to pay $57,500 (Cdn) to the BCSC for opening and servicing accounts for 264 B.C. residents since September 2002 without being registered to do so in the province. FXS began spot foreign exchange operations in 2001. It provides services that allow clients to speculate on changes in the exchange rates between currencies. Since September 2002, FXS has also compensated 15 different referral agents for referring 179 B.C. residents to the firm.

FXS has agreed to stop accepting new clients from B.C. and to cease registrant-type activity in B.C. FXS and its Canadian subsidiary, FX Solutions Canada Inc., have agreed that by April 28, 2006, it will register with the BCSC or the Investment Dealers Association of Canada or FXS will transfer all existing B.C. client accounts to a B.C. registrant.

FXS’s monetary settlement with the BCSC includes registration fees that it would have had to pay to operate in B.C. since September 2002 had it been properly registered, along with $5,000 towards investigation costs.

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, FX Solutions, LLC or 2006 BCSECCOM 36. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.