B.C. man admits to unregistered trading

    VANCOUVER, March 13 /CNW/ - The British Columbia Securities Commission
has reached a settlement with a B.C. man who admitted to violating securities
laws by trading securities without proper registration during a period when he
was under a seven-year trading ban.
    Under the terms of the settlement agreement, Stanley Steven Ross cannot
buy or sell securities, nor act as a director or officer of any company except
in limited circumstances, and he cannot engage in any investor relations
activities for a further seven years. He has also agreed to pay $50,000 to the
    Ross is the sole director, officer, and owner of Fortune Capital
Management Inc., a B.C. company. He was registered under the Securities Act to
trade securities in B.C. from 1984 to 1997. On July 19, 1999 as part of a
previous settlement, Ross was banned from securities trading until July 19,
    In the settlement, Ross admitted that between 2000 and 2004, he traded in
securities while unregistered and without exemptions when he bought and sold
securities in his name and that of Fortune Capital Management Inc. at a
securities dealer in Ontario and in an account held by a third party in B.C.
    He admitted that between 2000 and 2004, his trading activity included 551
trades in which he bought and sold more than 650,000 shares of a company
listed on the U.S. Over-the-Counter Bulletin Board. Ross made some of those
trades through the third-party account.
    Ross was named as one of the respondents in a notice of hearing into this
matter on August 10, 2006. The hearing is currently underway only against
Edward Bernard Johnson, the other respondent in the notice.

    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, Stanley Steven Ross or 2007 BCSECCOM 114. If you have questions,
contact Andrew Poon, Media Relations, 604-899-6880.

For further information:

For further information: Andrew Poon, (604) 899-6880 or (B.C. & Alberta)

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