British Columbia Securities Commission

British Columbia Securities Commission

August 15, 2008 13:15 ET

British Columbia Securities Commission: Ontario Investment Firm Fined for Advising in B.C. Without Registration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2008) - 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 website: www.investright.org.

Contact Information

  • British Columbia Securities Commission
    Ken Gracey
    (604) 899-6577 or (B.C. & Alberta) 1-800-373-6393
    Website: www.bcsc.bc.ca