Commission panel sanctions former mutual fund salesperson

    VANCOUVER, Sept. 18 /CNW/ - A British Columbia Securities Commission
panel has banned a former mutual fund salesperson from selling securities for
three years.
    Bryan Orr cannot trade securities, except in limited circumstances, for
three years after a commission panel approved a settlement agreement between
Orr's counsel and commission staff.
    Orr admitted that he acted as an unregistered portfolio manager, and made
discretionary purchases and sales of mutual funds for clients without
obtaining their instructions. He also admitted to recommending unsuitable
investments to several of his clients.

    The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
You may view the decision on our website by typing in the
search box, Bryan Orr or 2007 BCSECCOM 552. If you have questions, contact
Ken Gracey, Media Relations, 604-899-6577.

    Learn how to avoid investment fraud at the BCSC's investor education

For further information:

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

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