VANCOUVER, Aug. 15 /CNW/ - The British Columbia Securities Commission has
settled with an Ontario-based investment firm that agreed to pay $19,825 in
fines and fees for advising clients without being registered.
Doherty & Associates Ltd., an investment counsel and portfolio manager
registered in Ontario, admitted in a settlement agreement with the BCSC that
it provided investment advice to four B.C. clients without registration under
the Securities Act from July 2002 to May 7, 2008.
Under the settlement agreement, Doherty agreed to pay a $9,000 fine and
$10,825 for registration fees that otherwise would have been payable to the
BCSC if the firm had been registered.
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, Doherty & Associates Ltd. or 2008 BCSECCOM 449. 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)