Settlement Reached Over Unregistered Trading

The Nova Scotia Securities Commission has settled with TradeStation Securities Inc., which admitted to managing futures accounts for Nova Scotia investors without registering with the commission.

TradeStation is a U.S. licensed broker dealer, and registered futures commission merchant with a head office in Plantation, Florida. It was not registered to trade securities in Nova Scotia.

Between Jan. 1, 2006 and Dec. 31, 2008, TradeStation maintained four self-directed futures accounts for investors in Nova Scotia.

Under the order and settlement agreement, TradeStation will pay an administrative penalty of $7,500 to the commission. It will also pay $2,500 in costs connected with the investigation and conduct of the proceedings.

The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities within the province. The order and settlement agreement can be viewed at www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp .