Brokerage and employee pay $21,050 for selling cease-traded security



    VANCOUVER, July 16 /CNW/ - The British Columbia Securities Commission has
settled with a Vancouver-based investment dealer and one of its registered
sales people who admitted to trading a U.S. over-the-counter security that was
subject to a cease trade order.
    Monty Gregory Lorne Montaine, a registered salesperson with Global
Securities Corporation, manually entered two sales orders of Brookmount
Exploration Inc. shares for an Alberta client without checking Global's
electronic order management system (OMS) or the National Cease Trade Order
Database.
    Global, a Vancouver investment dealer, accepted Montaine's first order
and sold 100,000 Brookmount shares on June 21, 2007, one day after the BCSC
had issued a cease trade order (CTO) against Brookmount, which trades on the
OTC Bulletin Board (OTCBB). On June 22, 2007, Montaine entered the second
order and Global sold 75,000 shares, contrary to the CTO.
    The first trade entered the market because Global's data service provider
had not yet placed the restrictions on the OMS system. However, the OMS system
did not permit the second trade because the restriction was in place. Global
cancelled all the orders and covered its short position of 175,000 Brookmount
shares under a partial BCSC revocation order in August 2007.
    Under settlement agreement with the BCSC, Global paid $16,050 to the
commission, which includes $1,050 in profit that the company made on the
purchase of Brookmount shares, and Montaine paid $5,000.

    The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
You may view the BCSC decision on our website www.bcsc.bc.ca by typing in the
search box, Monty Gregory Lorne Montaine, Global Securities Corporation or
2008 BCSECCOM 400. 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.





For further information:

For further information: Ken Gracey, (604) 899-6577, or (B.C. & Alberta)
1-800-373-6393


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