Quebec-based investment firm fined for failing to register in British Columbia

    VANCOUVER, Aug. 11 /CNW/ - An investment firm agreed to pay the British
Columbia Securities Commission $13,575 after admitting to advising investors
without proper registration.
    IA Clarington Investments Inc., a firm that holds registration in Quebec,
admitted in a settlement agreement with the BCSC that it had provided
investment advice to three B.C. residents without registration under the
Securities Act from December 2002 to Dec. 5, 2007.
    Under the settlement agreement, IA Clarington agreed to pay a $5,000 fine
and $8,575 for registration fees that otherwise would have been payable to the
BCSC if the company 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 by typing in the
search box, IA Clarington Investments Inc. or 2008 BCSECCOM 428. 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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