The British Columbia Securities Commission has reached a settlement with an Alberta mutual fund dealer that admitted to trading securities in B.C. without a B.C. registration.
D.W. Good Investment Company Ltd. paid $3,500 to the BCSC for conducting securities transactions in B.C. without proper registration, according to the BCSC.
Between January 1, 2006 and January 24, 2007, D.W. Good traded securities for at least 24 B.C. residents, conducting a total of 13 purchases and eight redemptions in these investors' accounts.
The transactions occurred during a period when D.W. Good was not registered to trade mutual funds in British Columbia, said the BCSC. The Alberta registered dealer had surrendered its B.C. registration on December 31, 2005 and re-registered on January 25.