Investment firm fined for failing to register in British Columbia



    VANCOUVER, Jan. 4 /CNW/ - An investment firm agreed to pay the
British Columbia Securities Commission $74,050 after admitting to advising
investors without proper registration.
    Dorchester Investment Management, a firm that holds registration in
Quebec and Ontario, admitted in a settlement agreement with the BCSC that it
had provided investment advice to B.C. investors without registration under
the Securities Act.
    Under the settlement agreement, Dorchester agreed to pay a $40,000 fine
and $34,050 in respect of registration fees that otherwise would have been
payable to the BCSC if the company had been registered.
    The firm provided investment advice to as many as 11 clients from
March 1992 to August 8, 2007, many of whom had dealt with the firm prior to
moving to British Columbia. Dorchester registered with the BCSC on August 9,
2007.
    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, Dorchester Investment Management or 2008 BCSECCOM 2. 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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