James Anderson Ordered to Pay $175,000 For Market Manipulation

    CALGARY, June 15 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a five-year market ban (with exceptions), payment of a $50,000
administrative penalty and $125,000 in costs by James Anderson of Calgary,
    The order follows a February 21, 2007 decision by the majority of an ASC
panel that found that Anderson had contravened the Alberta Securities Act in
2002 through improper trading activity in relation to shares of seven publicly
traded companies.
    In accepting the joint recommendation of Staff and counsel for Anderson,
the panel concluded that "We believe that any orders we make must send a clear
message of general deterrence to all market participants: trading that results
or may result in artificial prices is not tolerated in Alberta."
    A copy of the decision is available at www.albertasecurities.com

    The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.

For further information:

For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488

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