News Release

Vancouver - A Utah-based company has paid a $35,000 fine to the B.C. Securities Commission for trading securities in the province without proper registration.

In a settlement agreement with the BCSC, Interbank FX, LLC (IBFX), a registered futures commission merchant with the U.S. Commodity Futures Trading Commission, admitted to opening and servicing trading accounts for 208 B.C. residents from January 2005 to June 2007.

The company traded in these accounts without B.C. registration and without being able to rely on any registration exemption, which is a violation of the Securities Act.

For contravening the Act, the company has paid a $35,000 fine. It must also refrain from seeking or accepting new B.C.-resident clients until it applies for registration and is registered with the Pacific Regional Office of the Investment Dealers Association of Canada (IDA). It has until Oct. 31 to seek registration.

IBFX will also be required to transfer all of its existing B.C.-resident accounts to a registrant and cease trading by June 27, 2008, unless the IDA registers the company, or it is exempt from the requirement to register.

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, Interbank FX or 2007 BCSECCOM 376. If you have questions, contact Ken Gracey, Media Relations, 604-899-6577.